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

Authors :
Dallaire, Justin
Source :
MoneySense; 5/1/2024, p1-1, 1p
Publication Year :
2024

Abstract

The article discusses the concept of First Home Savings Accounts (FHSAs) in Canada, which are registered accounts aimed at helping Canadians save for their first home's down payment. It provides information on the start date, rules, eligibility criteria, and investment options for FHSAs. The article also compares FHSAs to other accounts like RRSPs and TFSAs, and emphasizes the importance of considering factors such as service type, investment knowledge, fees, and interest rates when choosing an FHSA. It concludes by mentioning that FHSA deposits are insured by the Canada Deposit Insurance Corporation (CDIC). [Extracted from the article]

Details

Language :
English
ISSN :
14881349
Database :
Complementary Index
Journal :
MoneySense
Publication Type :
Periodical
Accession number :
176979385