Financial Post
June 10, 2023.
In an article with the Financial Post, Diana Orlic, Portfolio Manager, Wealth Advisor, Investment Advisor with Richardson Wealth, writes that when it comes to choosing a savings strategy to help you finance your first home, there are several options that you can leverage. In today’s housing market, you can use a Tax-Free Savings Account (TFSA), a Registered Retirement Savings Plan (RRSP), and the newest savings tool, a First Home Savings Account (FHSA).
While it may seem overwhelming to keep track of all these acronyms, it is important to understand the difference between each savings account and in which scenario you should use them.
