2022 Federal Budget Highlights
DMCL
APRIL 11, 2022
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. Effective for eligible flow-through share agreements entered into from April 7, 2022 to March 31, 2027.
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