My kid, the new FHSA and me
A First Home Savings Account can help people who are saving for a first home. But should you give money to an adult child to open an account?
A First Home Savings Account can help people who are saving for a first home. But should you give money to an adult child to open an account?
Last week, the Canada Revenue Agency put a pause on filing requirements for bare trusts for the 2023 tax year. That may be a relief for some people who share a joint account with a family member. So what happens now? And what happens if you already filed? Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to help make sense of this move.