First Home Savings Account
December 22nd, 2025
Here is information that is important if you or anyone that you know is planning on buying their first home in Canada in the coming years:
First Home Savings Account (FHSA)
Key Details:
Annual Limit: $8,000.
Lifetime Limit: $40,000.
Carry-Forward: Unused room (up to $8,000) from previous years can be added to your current year's limit
Room Starts After Opening: You only start gett ...