In 2022, Canada’s federal government introduced a new tax-free savings vehicle known as the Tax-Free First Home Savings Account, or FHSA, and as of this month, it’s actually here! Well, technically April 1st is when the law creating the FHSA comes into effect. Most of the big banks aren’t ready to start opening accounts yet, but at least one that I’m aware of has their act together (which we’ll reveal at the end), so it’s now possibly to actually start using this thing as of today. But what is it? How does it work? And does it only help people […]
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