Tax Free First Home Savings Account - Headline News
  • Latest
  • Trending
  • All
  • Latest Posts
Tax Free First Home Savings Account

Tax Free First Home Savings Account

2023-04-01
Buying A Luxury Home: 11 Things You Should Know

Buying A Luxury Home: 11 Things You Should Know

2023-06-03
The Courts Townhouse Condo Project at 1060 Dakota St., Winnipeg, Manitoba Canada

Townhouse Condos At 1060 Dakota St., Winnipeg

2023-05-30
2nd Home Locations For Canadians

2nd Home Locations For Canadians

2023-05-30
Next Generation of Luxury Home Buyers

Next Generation Luxury Home Buyers

2023-05-26
home buying is a team sport

Home Buying in Winnipeg is a team effort

2023-05-22
Winnipeg Housing Market Report – Real Estate Market

Winnipeg Housing Market Report – Real Estate Market

2023-05-22
Finding Qualified Home Buyers

Finding Qualified Home Buyers

2023-05-18
Keeping Your Yard Neat During Showings

Keeping Your Yard Neat During Showings

2023-05-16
How To Make A Buyer Fall In Love

How To Make A Buyer Fall In Love

2023-05-12
Designing and building your dream house

Designing Your Dream House

2023-05-09
High Temperature Heater

High Temperature Heater

2023-05-07
Forgotten Aspect of Home Staging

Forgotten Aspect of Home Staging

2023-04-24
  • Home
  • Start Here
  • Podcast
Thursday, June 8, 2023
Winnipeg Real Estate Times
  • Login
  • Home
    • Sitemap
    • Privacy Policy
    • We just bought a new home in Winnipeg. What are the next steps?
    • Just Sold Our Home – Steps After Accepting An Offer
  • Winnipeg Listings
  • About Bo
    • Supporting D’Arcy’s Animal Rescue Centre (A.R.C.)
    • Testimonials and Reviews for Bo Kauffmann, REALTOR
  • Winnipeg Home Buying News & Tips
    Buying A Luxury Home: 11 Things You Should Know

    Buying A Luxury Home: 11 Things You Should Know

    home buying is a team sport

    Home Buying in Winnipeg is a team effort

    Winnipeg Housing Market Report – Real Estate Market

    Winnipeg Housing Market Report – Real Estate Market

    Keeping Your Yard Neat During Showings

    Keeping Your Yard Neat During Showings

    Income Required To Buy A Home

    Income Required To Buy A Home

    House Prices On The Rise

    House Prices On The Rise

    Canadian Housing Market Picking Up Speed

    Canadian Housing Market Picking Up Speed

    Condo & Townhouse Market Update

    Condo & Townhouse Market Update

    Winnipeg Detached Housing Sales – March 2023

    Winnipeg Detached Housing Sales – March 2023

  • Glossary
No Result
View All Result
  • Home
    • Sitemap
    • Privacy Policy
    • We just bought a new home in Winnipeg. What are the next steps?
    • Just Sold Our Home – Steps After Accepting An Offer
  • Winnipeg Listings
  • About Bo
    • Supporting D’Arcy’s Animal Rescue Centre (A.R.C.)
    • Testimonials and Reviews for Bo Kauffmann, REALTOR
  • Winnipeg Home Buying News & Tips
    Buying A Luxury Home: 11 Things You Should Know

    Buying A Luxury Home: 11 Things You Should Know

    home buying is a team sport

    Home Buying in Winnipeg is a team effort

    Winnipeg Housing Market Report – Real Estate Market

    Winnipeg Housing Market Report – Real Estate Market

    Keeping Your Yard Neat During Showings

    Keeping Your Yard Neat During Showings

    Income Required To Buy A Home

    Income Required To Buy A Home

    House Prices On The Rise

    House Prices On The Rise

    Canadian Housing Market Picking Up Speed

    Canadian Housing Market Picking Up Speed

    Condo & Townhouse Market Update

    Condo & Townhouse Market Update

    Winnipeg Detached Housing Sales – March 2023

    Winnipeg Detached Housing Sales – March 2023

  • Glossary
No Result
View All Result
Winnipeg Real Estate Times
No Result
View All Result

Tax Free First Home Savings Account

2023-04-01
in Headline News, Winnipeg Home Buying News & Tips
Reading Time: 2 mins read
34
0
Tax Free First Home Savings Account
Share on FacebookShare on Twitter

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Saturday, April 1st, 2023…

Today is April Fools Day, National Sourdough Bread Day (No foolin)

 

Tax Free First Home Savings Account Tax Free First Home Savings Account Tax Free First Home Savings Account

As of today, Canadians are supposed to be able to start contributing to a Tax-Free First Home Savings Account. Here is how that works:

Canadian Citizens who are at least 18 yrs old, and no older than 71, open up an FHSA and start contributing money into it.

The yearly limit is $8,000 with a lifetime limit of $40,000.

Just like an RRSP, contributions are deductible from your income tax, so this makes a great tax-avoidance option.

Unlike RRSP's, when you pull the money out to buy your first home, you do NOT have to replace that money into the account later.

Definition of first time home buyers are those who have not owned a home, in which they live, for the past 5 years.

 

Started this briefing by saying that Canadians are ‘supposed to be able to start using this vehicle' but it would appear that financial institutions are not yet ready for this. Check with your investment professional or financial institution now.

Bo Kauffmann Real Estate Agent Winnipeg

Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store.

Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms.

Do you have an Android Phone?  Add our Free Podcast App Here.

Do you have an I-Phone?  Here is our iOS version of the podcast app.

 

Our Latest Web-Stories
Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube

Check out our Podcast

Link to this post!
  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn
Tags: Headline News, Winnipeg Home Buying News & Tips
Share2Tweet1

Related Posts

Buying A Luxury Home: 11 Things You Should Know
Latest Posts

Buying A Luxury Home: 11 Things You Should Know

by Bo Kauffmann
2023-06-03
35
home buying is a team sport
Latest Posts

Home Buying in Winnipeg is a team effort

by Bo Kauffmann
2023-05-22
74
Winnipeg Housing Market Report – Real Estate Market
Pillar Content

Winnipeg Housing Market Report – Real Estate Market

by Bo Kauffmann
2023-05-22
302
Keeping Your Yard Neat During Showings
Latest Posts

Keeping Your Yard Neat During Showings

by Bo Kauffmann
2023-05-16
75
Forgotten Aspect of Home Staging
Headline News

Forgotten Aspect of Home Staging

by Bo Kauffmann
2023-04-24
53

Contact Bo Kauffmann

  • 204-333-2202
  • [email protected]

Current Mortgage Rates

Winnipeg Real Estate Services

  • Advance Exteriors – Mike Allison
  • Aire Serv Heating & Air Conditioning
  • Alladins Landscape Design
  • Endeavour Electric
  • Mr Rooter Plumbing – Jake Silvestri
  • R. A. Hughes Insurance
  • SullivanMcMullan Law – Neil Sullivan
  • Total Moving Winnipeg
  • Urban Topcoat Painting
  • Winnipeg Business Networking
  • Winnipeg Mortgage Broker
  • Worthy Construction

Top 3 REALTORS in Winnipeg

Winnipeg Real Estate Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories

  • Condo Communities of Winnipeg
  • Featured
  • Featured Neighbourhoods
  • General Market Info
  • Headline News
  • Home Improvements
  • Humour
  • Infographics
  • interior decorating
  • Latest Posts
  • Listings
  • Luxury Homes
  • Market Updates
  • Newsletter
  • Pillar Content
  • Polls
  • Q&A
  • Quiz
  • Real Estate News
  • Seller Info Fix Post
  • Slideshows
  • Time-Sensitive
  • Top 6 Most Popular Posts
  • Video Posts
  • Winnipeg Condo Buyers, Sellers & Owners
  • Winnipeg Home Buying News & Tips
  • Winnipeg Home Selling News & Tips
  • Winnipeg News & Events
  • Winnipeg Referral Partners
  • Winnipegs Real Estate Podcast

Recent News

Buying A Luxury Home: 11 Things You Should Know

Buying A Luxury Home: 11 Things You Should Know

2023-06-03
The Courts Townhouse Condo Project at 1060 Dakota St., Winnipeg, Manitoba Canada

Townhouse Condos At 1060 Dakota St., Winnipeg

2023-05-30

© 2023 This site is operated by Bo Kauffmann of REMAX Performance Realty in Winnipeg. All content is copyright.

No Result
View All Result
  • Home
    • Sitemap
    • Privacy Policy
    • We just bought a new home in Winnipeg. What are the next steps?
    • Just Sold Our Home – Steps After Accepting An Offer
  • Winnipeg Listings
  • About Bo
    • Supporting D’Arcy’s Animal Rescue Centre (A.R.C.)
    • Testimonials and Reviews for Bo Kauffmann, REALTOR
  • Winnipeg Home Buying News & Tips
  • Glossary

© 2023 This site is operated by Bo Kauffmann of REMAX Performance Realty in Winnipeg. All content is copyright.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Share via
  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Add New Playlist

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply
Manage your privacy

To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site and show (non-) personalized ads. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Manage options
{title} {title} {title}