What advisors are saying about the proposed FHSA

Investment Executive
April 11, 2022.

The proposed tax-free first home savings account (FHSA) outlined in the federal government’s latest budget has generated mixed feelings from advisors.

Ty Cooke, wealth advisor with Orlic Harding Cooke Wealth Management Group, a unit of Richardson Wealth in Burlington, Ont., described the FHSA as “a very powerful tool” for the younger generations to achieve home ownership, with the tax-deductible $8,000-per-year contribution being the most enticing aspect.

Read more.

Related Articles

2022

Advisors welcome scrutiny on ESG funds but say there are still many challenges facing investors

December 20, 2022 - The heat is on environmental, social and governance (ESG) investing, with regulatory scrutiny growing over greenwashing and sustainability assurance providers beginning…

1 minute read

2022

Why investors need to understand redemption freezes before getting into alternatives

December 15, 2022 - Ida Khajadourian shares that "under extreme circumstances, a fund might freeze redemptions, known as “gating” to prevent investors from pulling their…

1 minute read

2022

‘It’s the people who make the difference'

December 8, 2022 - Why do advisors choose to join Richardson Wealth? For Michel St-Laurent, “it’s the people who make the difference," plus the freedom…

1 minute read