Please see the article below that discusses the importance of finding the right investments to get into when using the recently created First Home Savings Account (FHSA). Apparently this savings vehicle for first-time home buyers is gaining popularity quickly. It has the tax deduction advantage of an RRSP and also a tax-free advantage on investment returns (like a TFSA).
I highly recommend first-time homebuyers in Metro Vancouver and Fraser Valley strongly consider opening an account, to begin their journey of saving for a downpayment.
For some tips around how to go about investing with this new vehicle, see the article below:
"Finding the right investments for a FHSA can be tricky" via BNN.
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