RRSP contributions are income tax deductible, and up to $60k from the account can be used toward a down payment for a home. For someone trying to buy, its a good idea to focus on that RRSP first.
Yup, and it’s good if you start using it early. I’m not a fan of the reatrictions on it though, compared to the RRSP. But they are strong when used together.
RRSP contributions are income tax deductible, and up to $60k from the account can be used toward a down payment for a home. For someone trying to buy, its a good idea to focus on that RRSP first.
Oh, and there’s also the FHSA, on that note.
Yup, and it’s good if you start using it early. I’m not a fan of the reatrictions on it though, compared to the RRSP. But they are strong when used together.