FHSA - First Home Savings Account
A brand new bank account type where you can put away money each year to save up and buy your first home. An account where your parents can gift you money and you can put it in there and get the tax benefit.
A place to help people save on taxes while working towards their goal of home ownership. All financial institutions should have it for you, all you need to do is ask to set one up if you're over the age of 18.
If you're thinking of starting this account and working towards home ownership, reach out to our team! It is never too early to start the conversation, and we would like to start helping you work on your path to homeownership as early as possible so that all the right things are in the right places.