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

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 8 months 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 8 months 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 8 months ago (1 children)

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

[–] [email protected] 3 points 8 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.