CBC: https://www.cbc.ca/news/business/bud...sing-1.6412384
Pretty cool account for those saving for a house.
- One time use account for down payment saving.
- 8k contribution per year. up to 40k
- Tax free like RRSP, Can transfer from RRSP.
- Can be combine with RRSP HSP plan for additional 35k. But you gotta repay your RRSP.
- Helps avoid bullshit CMHC fees.