Posted by: Karim Ali
Coffee with Karim
Want to combine the powers of TFSAs and RRSPs?
A first home savings account allows you to save for your first home tax-free, with limits. Here’s a very short (and incomplete) guide.
How do you qualify?
You must be…
Be careful! Certain provinces and territories will require you to be 19 to enter into a contract to open a FHSA, and this definition of a “first-time home buyer” is rather complicated. Find out more about it in the Government of Canada’s link at the end of this blog.