The rules governing Canada s first-time homebuyers savings account came into force April 1, allowing prospective homebuyers to start saving for up to 15 years once they open an account, with an annual $8,000 deposit cap and a lifetime contribution limit of $40,000.
TORONTO Jeremy Kinnear is 23 and already thinking about home ownership. Fresh out of university, the Edmontonian is in the midst of a four-year job program that will require him to move to Calgary halfway through.
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