FHSA Have you opened a First Home Savings Account (FHSA)? The latest data from the CRA reveals a significant uptake and contributions to the FHSA in its first year. This account allows Canadians to save up to $8,000 annually with a lifetime limit of $40,000 all tax-free, if used for a home purchase. The data shows the FHSA is most popular among lower-income Canadians with the majority of account holders earning less than $106,000 annually. I would like to hear your thoughts! Check out this video
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