The First Home Savings Account (FHSA) is a registered account that helps Canadians save for their first home faster. It combines features of an RRSP and a TFSA: contributions are tax-deductible , and qualifying withdrawals to buy your first home are tax-free , including the investment growth. Key Benefits of an FHSA Tax-deductible contributions You can contribute up to $8,000 per year , to a lifetime maximum of $40,000 . Contributions reduce your taxable income, similar to
