Saving for a first home? The FHSA could be your smartest move yet.
The First Home Savings Account combines the best of an RRSP and a TFSA; tax-deductible contributions and tax-free withdrawals, specifically for your first home purchase.
Eligible Canadians can contribute up to $8,000 a year, with a lifetime limit of $40,000, and the earlier it’s opened, the more it can work in your favour.
Don’t wait to take the first step. Connect today to align your savings strategy with your buying strategy because with the right plan, homeownership can be in the foreseeable future.