The Canadian tax landscape undergoes periodic shifts, and 2024 is no exception. This year, adjustments and updates across various areas present both opportunities and considerations for taxpayers. Let's explore the key changes and consider their potential ramifications.
  • BedSharkPalEnglish
    7·
    11 months ago

    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.

    • bravemonkeyEnglish
      8·
      11 months ago

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

      • BedSharkPalEnglish
        2·
        11 months ago

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

        • Nik282000English
          3·
          11 months ago

          For the past 30 years “Show Your Work” has counted more than getting the right answer in school. Now in business and politics it’s more important to look like you are doing something right now than it is to do the correct thing at a later date.