Wealth Management Insights

Introducing the First Home Savings Account
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For the first time in years, the Canadian government announced a new registered savings plan. The First Home Savings Account (FHSA) is targeted at potential first-time homebuyers and is another tax-advantaged tool Canadians can use for saving and investing.

 

While the majority of our clients don’t qualify to open a FHSA, this new offering may be advantageous for members of their family who are. Below are a few resources that explain the FHSA further for your reference.

 

• FHSA explained in 2 minutes (video) Watch here
• TFSA vs RRSP vs FHSA: Top questions answered Read here
• 2 Scenarios to Help You Decide if an FHSA is Right for You Read here

If you, or someone important to you is interested in taking advantage of the FHSA, we invite you to reach out to us to schedule a time to discuss further.