The Canadian government’s new First Home Savings Account (FHSA) came into effect on April 1, 2023. This new registered savings account allows prospective first-time home buyers to save for a down payment on a tax-free basis. FHSA contributions are tax-deductible (like an RRSP), and qualifying withdrawals to purchase a first home are non-taxable (like a TFSA).

If you’re in the market for a home, don’t leave money on the table when saving for your down payment. We’re sharing the different tools you have available to you as a Canadian first time home buyer to save in the most tax-advantaged way.

Bonds have a long history of being used to reduce debt or help finance business or government projects and operations, so its market size shouldn’t be surprising. Let’s consider the basics of bonds, what types exist and how you can invest in bonds for your own portfolio.

To help investors better understand their investing options, investment products are generally grouped by category – often referred to its “asset class”. Assets within the same asset class tend to behave similarly and are subject to similar rules and regulation.

RRSPs, TFSAs and RESPs are all great savings tools to help you plan for the future. We can help you figure out which one is best for you.

A market downturn tends to leave investors uncertain about their investments and what their next move should be. We’ve got five things you can do when financial markets go down.