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In CRA’s words, you are considered a first-time home buyer if: … you did not, at any time in the current calendar year before the account is opened or…
Read more Can I still use my FHSA after my spouse bought a condo? – MoneySenseNew TFSA contribution room Every Canadian resident aged 18 or older has $7,000 of new TFSA room as of January 1, 2026. This has been the annual maximum…
Read more Your TFSA reset for the new year – MoneySense1. Revisit your budget Budgets are a great tool to help you stay on track with your spending and savings goals, but they need regular updates to maximize…
Read more 5 money moves to make before the end of the year – MoneySenseWhile some financial advisors recommend the 50-30-20 rule, where 50% of your pay goes to fixed expenses, 30% to discretionary and 20% to savings, putting aside just 10%…
Read more Financial planning for the first time? A guide for women on a single income – MoneySenseRESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can give you access to government…
Read more Year-end tax and financial planning considerations – MoneySenseEarlier this year, the HBP got a significant makeover. Here’s what’s new about the HBP, plus how you can use it together with other savings tools: a first…
Read more How changes to the Home Buyers’ Plan could affect your down payment – MoneySense10 ways to use your tax refund How you choose to spend your tax refund will often boil down to your tax bracket and debt profile, Forward explains,…
Read more How long it takes to get your tax refund in Canada—and how to spend your refund – MoneySense17. 2011: Google released Google Wallet in the U.S., three years before Apple Pay even popped up on our iPhones. Over the next decade, Google tested many versions…
Read more Top financial innovations of the last 25 years – MoneySenseFortunately, there are a number of ways to save for a down payment on your first home, including the first home savings account (FHSA). This registered account was…
Read more Your FHSA timeline: What to invest in and when – MoneySense
