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 ...

Courtney Reilly-Larke is the deputy editor of Forbes Advisor Canada. Previously ... announced the tax-free First Home Saving Account (FHSA) as part of their 2022 budget. As of April 1, 2023 ...

Why are mortgages so expensive in Canada? A look at 2024 and 2025 Unsure about buying a home? Why you should open an FHSA now anyway Alberta called—“What I wish I’d known before making the ...

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.

“For anyone even considering home ownership, the FHSA should be the first place they look to,” Mr. Giovannetti says. “It’s the best tool for first-time buyers,” he adds. FHSAs offer the ...

Tax season has once again arrived in Canada, and everyone is looking to get the most out of their return for the 2024 fiscal year. H&R Block Franchise co-owner, Jack Gerger, has 40 years of experience ...

Saving for the steep costs of buying or building a home is a tall order, but an FHSA can speed things up a bit. “It’s a new savings account that basically offers tax-deductible contributions ...

How to use FHSA and RRSP withdrawals for a home down payment in Canada First-time home buyers in Canada can pull from savings in registered accounts to fund their down payment. Here’s how ...