Your Tax-Free Ticket to First-Time Homeownership!

FHSA lets first-time buyers save tax-free for a home, up to $8,000 in the first year.
Contributions are generally deductible, but RRSP transfers to FHSA are not deductible.
First-time buyer status differs for opening vs. withdrawing from FHSA.
To qualify, you and your spouse must not have lived in a qualifying home you owned in the past four years.
Withdrawal rules exclude the 30 days before withdrawal from the four-year residency check.