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Acronym Monday: FHSA

First Home Savings Account


New acronym coming at you today: FHSA


This is a new registered account that gives first-time home buyers the ability to save up to $40,000 in total, with tax-deductible contributions AND non-taxable withdrawals.


There's still a lot to learn about this new product, so make sure you are speaking to your financial advisor to make sure it's the right fit for you.




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