Forbes15d
What Is The First Home Savings Account (FHSA)?
In an effort to change this and assist prospective first-time homebuyers, the federal government announced the tax-free First Home Saving Account (FHSA) as part of their 2022 budget. As of April 1 ...
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More Canadians are taking advantage of FHSA — over 50% planning to use it to help purchase their first home
There are many types of useful savings accounts out there, but not every one has their exact purpose right there in the name, like the First Home Savings Account (FHSA). BMO's 15th annual ...
toronto.com1y
The First Home Savings Account has some surprising benefits — even if you don’t end up with that home
If you’re intently saving for your first home, you’re probably aware that the new First Home Savings Account (FHSA) is a great tax-advantaged way to build up your down payment. But the FHSA has ...
MoneySense7d
Best FHSAs in Canada: Where to get the first home savings account
On April 1, 2023, Questrade became the first company to launch an FHSA in Canada. Since then, more than 20 other financial institutions, including all of Canada’s Big Six banks, have launched ...
Toronto Star3mon
Nearly a million Canadians have an FHSA. Here’s how you can get the most out of yours for that first down payment
Savings vehicles like a first home savings account (FHSA) can make it easier for you to overcome one of the largest barriers to home ownership — squirreling away that sizable down payment.