Date Posted: Dec 21, 2024

Retail Brokerage and Distribution Report Summer 2024 Special Feature—A First Look at the Growth of First Home Savings

It was only back in 2009 that the tax-free savings account (TFSA) was introduced as a new vehicle to help Canadians save money for future goals. Designed to complement the longer-term objectives of registered retirement savings plans (RRSPs), the TFSA was introduced to encourage savings by earning tax-free investment income and capital gains within an account that could also meet nearer-term financial objectives. With the introduction of first time home buyers accounts (FHSAs) in April 2023, Canadians had a new savings vehicle geared toward home ownership to help millions save for a down payment.
Get access to Investor Economics Retail Brokerage and Distribution Report Summer 2024 Special Feature—A First Look at the Growth of First Home Savingsreport CLICK HERE FOR ACCESS

Retail Brokerage and Distribution Report — Latest Reports

Related Research