Work towards your goal of buying your first home with a First Home Savings Account (FHSA). The FHSA is a new registered planthat can help you save for your first home tax-free. If you’re at least 18 (and no less than the age of majority in your province), have a Social Insurance...
A First Home Savings Account (FHSA) is a tax-advantaged registered savings account designed to help eligible first-time homebuyers in Canada save for their first home. 2. How does an FHSA work? An FHSA brings together elements from both an RRSP and a TFSA. When you contribute, you can ...
Best mortgage rates in Canada Compare offers from Canada’s top mortgage lenders and brokers. See Rates FHSA eligibility requirements To open a First Home Savings Account, you must be: A resident of Canada. At least 18 years old. A first-time home buyer. ...