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Best FHSAs in Canada: Where to get the new first home savings account.

Authors :
Dallaire, Justin
Source :
MoneySense; 7/28/2023, p1-1, 1p
Publication Year :
2023

Abstract

Keywords: Banking; Bonds; Budgeting; ETFs; FHSA; Financial literacy; Financial Planning; GICs; Investing; Mutual Funds; Save; Stocks; banks; Financial Literacy; first home savings account; First-time home buyer; home; Home Buyers' Plan; Home Owner; homebuyers; homebuying; Invest; Investment strategy; Real Estate; savings; savings account EN Banking Bonds Budgeting ETFs FHSA Financial literacy Financial Planning GICs Investing Mutual Funds Save Stocks banks Financial Literacy first home savings account First-time home buyer home Home Buyers' Plan Home Owner homebuyers homebuying Invest Investment strategy Real Estate savings savings account The new first home savings account was created to help you save more money for a home purchase. Account holders earn 3% interest on money in their FHSA Savings Account, or they can purchase an FHSA GIC (not available in Quebec). The first home savings account (FHSA), also referred to as the tax-free first home savings account, creates up to $40,000 in tax-free savings room for first-time home buyers. [Extracted from the article]

Details

Language :
English
ISSN :
14881349
Database :
Complementary Index
Journal :
MoneySense
Publication Type :
Periodical
Accession number :
169165860