top of page

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.


bottom of page