Different Ways to Save for a Downpayment
Aside from using RRSPs to save for a downpayment on a home, first-time home buyers should also consider the merits of using the relatively new tax free savings account (TFSA) as a way to put away money. The Globe and Mail recently ran an article explaining the differences between using RRSPs and TFSA and the reasons why a first time home buyer should consider the new alternative. Click here to read the article.