Here's Everything We Know About Canada's Tax-Free First Home Savings Account In 2023
- TaxSmart
Categories: Accounting , Bookkeeping , Business Planning , Business Registration , Corporate Tax Services , Estate Planning , Incorporation Solutions , Payroll Services , Personal Income Tax , Tax Advice , Tax Planning , Tax Preparation Company , Tax Preparation Services , Tax Professionals , Tax Resolutions , Tax Return Filing , Tax Services
Last year, as part of the 2022 budget, the federal government laid out its plans to introduce a new Tax-Free First Home Savings Account (FHSA) in Canada. Per the original plans, the account would give prospective first-time home buyers the ability to save up to $40,000 in total, with tax-deductible.
Find your favourite topics on Flipboard. Download here.