Save up to $8,000 per year, and $40,000 lifetime into your FHSA.
Important: Unlike the TFSA and RRSP, limits for your FHSA don’t begin accruing until your FHSA is opened, so be sure to contact us today!
The First Home Savings Account, often referred to as the FHSA, is a tool to help you save money for your first home.
It takes the best aspects of the TFSA and RRSP → you save taxes when you put money into the FHSA, and you don’t owe more tax when you use it to purchase a home!
As it is a registered product (just like the TFSA or RRSP), the rules and limits are set by the Government, not PenFinancial.
Get your hands on this useful brochure packed with valuable information about the First Home Savings Account, in accordance with the latest legislation effective from April 2023. And don’t hesitate to reach out to a knowledgeable PenFinancial Advisor today to get answers to any questions you may have about a FHSA.Download the FHSA brochure →