Budget 2022: Feds create new tax free account for first time homebuyers

OTTAWA — Canadians looking to save a down payment to buy their first home will have a new tax-free savings account to use starting next year. The federal government announced the Tax-Free First Home Savings Account (FHSA) in the budget Thursday as well as a doubling of the first-time homebuyers’ tax credit to up to … Continue reading Budget 2022: Feds create new tax free account for first time homebuyers