The new Tax-Free First Home Savings Account (FHSA) is meant to help first-time home buyers save for a down payment, as both contributions and withdrawals are free from tax. But there are key differences in the rules governing the account when a client opens an FHSA and when they withdraw from it to buy their first home.
Click here to read the full article by Rudy Mezzetta, published by Investment Executive, featuring insights from Aaron Hector, Private Wealth Advisor.
Please note this article is on a third party platform and only available in English.
The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this letter accepts any contractual, tortious, or any other form of liability or its contents or for any consequences arising from its use.
Click here to read the full article by Rudy Mezzetta, published by Investment Executive, featuring insights from Aaron Hector, Private Wealth Advisor.
Please note this article is on a third party platform and only available in English.
The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this letter accepts any contractual, tortious, or any other form of liability or its contents or for any consequences arising from its use.