What is an FHSA?

The First Home Savings Account (FHSA) is a registered investment account that can help Canadians save up to $40,000 for their first home.

It's the best part of both a Registered Retirement Savings Plan (RRSP), which gives you tax-deduction perks, and a Tax-Free Savings Account (TFSA), which lets your investments grow without a tax bill. This means that the money you put in and earn in this account goes towards the down payment of your first home.

You can learn more about the FHSA online, and book an appointment or call to open an account.

Last updated January 16, 2024