Remove 2031 Remove accountant Remove accounting principles Remove business tax
article thumbnail

2022 Federal Budget Highlights

DMCL

Introduction of the new Tax-Free First Home Savings Account (FHSA). Similar to TFSAs, income earned in the account is tax-free and withdrawals are tax-free provided withdrawals are for purchases of a qualifying first home. Budget 2022 focuses on several key initiatives: Addressing housing affordability.