First time home buyer Archives

Embrace the Future of Home Ownership with the Tax-Free First Home Savings Account (FHSA)

December 31, 2023
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Finances, Tax Planning

Starting April 1, 2023, the FHSA offers a dynamic way for prospective first-time home buyers to save for their first home. This account combines the best features of both the RRSP and the TFSA, providing significant tax advantages. Key Aspects…

February 19, 2023
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Tax Planning

Buying your first home is an exciting milestone. While some of the financial aspects could be daunting, there is a simple credit that should be considered when filing your personal tax this year. Qualifying for the Credit The following conditions…

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