What is a FHSA - First Home Savings Account?
Unlock your path to owning your first home. The tax-free FHSA - First Home Savings Account is coming to Tandia this Fall. A FHSA is a tax-free savings product designed to assist individuals in saving for the purchase of their first home. It’s a great way to grow your savings.
Your contributions reduce your taxable income (up to a lifetime maximum of $40,000), and you can withdraw the money - tax-free - for any qualifying home purchase. (Footnote