The hottest new tax break Canadians should take advantage of this year

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Jamie Golombek explains the First Home Savings Account coming in 2023 which combines the benefits of a RRSP with a TFSA

Canadians saving to buy their first home home can take advantage of the new First Home Savings Account this year. Photo by Getty Images Jamie Golombek, managing director, tax & estate planning with CIBC Private Wealth, talks with the Financial Post’s Larysa Harapyn about tax deductions and credits you should know about before filing your 2022 return. The tax expert also explains the new First Home Savings Account coming this year for Canadians saving for their first home, which combines the benefits of a RRSP and a TFSA.

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