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.

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