05/30/2026
Giving your kids a head start on their first home doesn't have to wait.
There's no gift tax in Canada—so whatever you give today lands in their hands in full. Money passed through an estate often arrives smaller and later than they need it. Gifting now means it reaches them whole.
And if they put it towards their First Home Savings Account, every dollar they contribute comes off their taxable income. On an $8,000 contribution, that's roughly $1,500 to $2,500 back at tax time. Plus, it grows tax-free and withdraws tax-free.
But most importantly—giving now means you get to watch them build a life in a place that's theirs. You're closer than you think to helping your kids buy. Explore what's out there at mosaichomes.com.