FIRST HOME SAVINGS ACCOUNT (FHSA)
Make your dreams of homeownership a reality with the help of the First Home Savings Account.
Introduced by the Government of Canada in 2022, this new registered savings plan is designed to help Canadians between the ages of 18 and 71 save towards a down payment on their first home, and it's NOW AVAILABLE at YNCU!
The FHSA combines the best tax benefits of both an RRSP and a TFSA. Contributions made are tax-deductible, and savings gains and qualifying withdrawals are tax-free. By contributing early, your investments can benefit from tax-free compounding growth, getting you one step closer to home ownership.