MONTREAL, Aug. 3, 2023 /CNW/ - First home savings accounts (FHSAs) are now available at all Desjardins caisses and branches and online through AccèsD and by phone at 1 800 CAISSES. As part of the launch, members and clients can take advantage of a promotional 5% interest rate on their FHSA*. An FHSA is a new registered plan that allows you to save tax-free for your first qualifying home. Advantages of an FHSAContributions lower your taxes : Contributions made to an FHSA are eligible for a tax deduction, which reduces your taxable income for the current or subsequent years. : Contributions made to an FHSA are eligible for a tax deduction, which reduces your taxable income for the current or subsequent years.

Source: Forbes August 03, 2023 13:04 UTC