With the deadline for contributions to tax-deferred savings accounts approaching on Feb. 29, prospective homeowners may be weighing the pros and cons of contributing to a registered retirement savings plan (RRSP) versus tax-deductible contributions to the relatively new first home savings account (FHSA). But many Canadians indicate they’re feeling stretched when it comes to saving at all.
- Did you open an FHSA last year? Why your tax refund might be delayed
- 5 things to know before opening a first home savings account
- RRSP deadline: Some experts say it’s best to ‘think twice’ before contributing