Every open house starts the same way. You walk through a place you could actually see yourself living in, you do the quick math in your head, and then the down payment number lands like a door closing. Twenty thousand. Fifty thousand. More. It feels impossibly far away, so you stop looking — and the saving never starts either. Here is the truth most first-time buyers miss: … [Read more...] about How to Save for a House Down Payment in Canada
FHSA
The FHSA 15-Year Trap (and the 3 Moves That Beat It)
Canada's First Home Savings Account is the best deal in Canadian personal finance: you get a tax deduction when money goes in, like an RRSP, and the money comes out completely tax-free for a qualifying home purchase, like a TFSA. It is the only account that gives you both. But it comes with a clock. And the clock is the trap. What the FHSA Is The FHSA launched in … [Read more...] about The FHSA 15-Year Trap (and the 3 Moves That Beat It)