#CanadaSOLETFLaunch

Key Features:

Tax-free contributions and withdrawals (similar to a hybrid between a TFSA and RRSP).

Annual contribution limit: $8,000

Lifetime limit: $40,000

Must be used to buy a qualifying first home within 15 years of opening the account.

Unused funds can be transferred to an RRSP if not used to buy a home.

Why the Launch Matters:

Part of a broader housing affordability strategy in Canada.

Aimed at helping younger Canadians enter the increasingly expensive housing market.