“We have saved up around $100,000 in total, and will get help from our parents,” Vanessa said. “What else do we need to know about mortgage rates and other home ownership costs?” Vanessa asked. On a typical day, Vanessa, who makes $80,000 a year in a marketing position, works from home five days a week. Furthermore, the recently announced tax-free First Home Savings Account should help Vanessa and her boyfriend to accelerate their savings with tax-deductible FHSA contributions that they can withdraw tax free to purchase a home. We have to go back to the drawing board instead.”Are you a millennial living in Toronto or the GTA who needs help with saving your money?

Source: thestar June 06, 2022 23:35 UTC