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2024 Tax Changes in Canada: A Detailed Guide for Canadians 💰🇨🇦 (mazdak.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 1 year ago (1 children)

First Home Savings Account: First-time homebuyers have a new ally – the First Home Savings Account. It allows tax-deductible contributions up to $88,000 in 2024, paving the way for a more manageable down payment.

Should be $8,000.

[–] [email protected] 8 points 1 year ago (1 children)

8000 is useless near the end of 'trying to get a mortgage', hopefully the tiny amount helps someone

[–] [email protected] 2 points 1 year ago (1 children)

Not to mention it's just increasing demand more. How exactly does that help anyone?