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By PAIP Canada staff

Having covered the First-Home Savings Account (FHSA) last week, we’re going to consider the well-established Home Buyers’ Plan (HBP) this week.

By PAIP Canada staff

A little more than a decade ago, the Tax-Free Savings Account (TFSA) became part of Canada’s vernacular and with good reason: the plan allowed for tax-free growth of one’s investment dollars, and tax-free withdrawals. To make things even better, amounts withdrawn were added back to one’s annual contribution room as the calendar flipped into a new year.

By PAIP Canada staff

Only a few days ago millions of Canadians flipped the calendar into the new year which meant something different for everyone. For those in the financial industry, it meant the Tax-Free Savings Account (TFSA) annual limit increased to $6,500 and new First-Home Savings Account (FHSA) was introduced.