What are the major advantages of living in canada instead of other countries?
17th, Aug 2023
On August 11, 2023, the Minister of Immigration, Refugees and Citizenship Canada (IRCC), Marc Miller, announced the tax-free First Home Savings Account for Canadians, aimed at helping first-time home buyers.
The account allows Canadians to contribute up to $8,000 per year (up to a lifetime limit of $40,000) for their first down payment within 15 years.
Contributions are tax-deductible, and withdrawals, including investment income, are non-taxable if used to purchase a first home.
Since April 1, 2023, seven financial institutions have already started offering the account, with more to follow.
#IRCC, #Miller, #housing, #First_Home_Savings_Account
https://finance.yahoo.com/news/minister-miller-highlights-tax-free-151700838.html
What are the major advantages of living in canada instead of other countries?
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