New Year. New Contribution Room. New Opportunity to Build Toward a First Home.

The FHSA adds $8,000 in new room each year, starting when the account is opened — with unused room carrying forward from the previous year until the $40,000 lifetime limit is reached.

This account combines the tax deduction of an RRSP with the tax-free growth and withdrawals of a TFSA, making it one of the most powerful tools for first-time buyers.

But the rules matter:

• Room only begins once the FHSA is opened

• Unused room can carry forward one year — but lifetime limits still apply

• Over-contributions face a 1% monthly penalty

Avoid costly mistakes. Start early. Stay informed.

This year’s growth potential starts now.