The tax-free first home savings account has been legally available since April 1, but only a few financial institutions have made the FHSA available to clients. That’s due in part to the many ...

Last year, approximately 4.6% of Canadians who opened a first home savings account (FHSA) also made a qualifying withdrawal from the account to buy a home. The account launched in April 2023.

Owning a house in Canada has become unaffordable due to the rapid growth in house prices during the pandemic. The Justin Trudeau government introduced the First Home Savings Account (FHSA) to make the ...

The First Home Savings Account (FHSA), a registered savings vehicle introduced by the Liberal government to help Canadians struggling to enter the housing market save toward a downpayment, is now ...

Introduced in April 2003, the FHSA (First Home Savings Account) is a registered plan that allows Canadians to save for their first home. The annual contribution FHSA limit stands at $8,000, and this ...

Buying a first home isn’t what it used to be. Housing prices, inflation and rising interest rates have created a challenge for many Canadians trying to break into the real estate market. To help ...

The Tax-Free First Home Savings Account (FHSA) is a new plan, but it’s not too early to consider the tax and estate implications of someone dying while holding an account. An FHSA can remain an FHSA ...

The First Home Savings Account gives Canadians a powerful way to save for their first home while enjoying tax benefits. Understanding your FHSA contribution room for 2026 makes the difference between ...

There’s some exciting news around our home these days. Our oldest son, Win, just got engaged to a wonderful girl, Sarah. I was talking with him about what it’s going to be like when he’s married. “Win ...