Have You Set Up Your First Home Savings Account Yet?
/Have you set up your FHSA account yet?
Did you know the FHSA could be your biggest shortcut to homeownership? The First Home Savings Account lets you save up to $8,000/year, completely tax-deductible, and your money grows tax-free inside the account.
Withdraw it all tax-free when you buy your first home.
Here's how to set one up in 3 steps:
Step 1 – Open an FHSA at your bank or a brokerage (most offer them now!)
Step 2 – Contribute up to $8,000 this year (unused room carries forward)
Step 3 – Invest it — think ETFs, GICs, or mutual funds
You can hold up to $40,000 lifetime. That's a serious down payment boost. First-time buyer? This account was made for you.
Consult with a professional financial planner to help you with your FHSA.
