Save for your first home. Get tax benefits along the way.
That's how you FHSA.
Are you a first-time home buyer?
Are you a student or recent graduate?
Want to learn about FHSAs without financial jargon?
Save your spot!
Registering for this free webinar only takes 30 seconds. You'll get a link by email that you can add to your calendar instantly.
Remember, you don't need a lot of money to open a First Home Savings Account. And you certainly don't need to be an expert. You just need to start.
What You'll Learn
- What an FHSA really is (in plain language)
- How FHSA tax benefits work
- Who qualifies to open an FHSA
- FHSA contribution limits and key rules
- How FHSAs compare to a TFSA or RRSP
- Common mistakes and misconceptions
- Simple ways to start saving today
- Strategies for students, newcomers, and young professionals
It's the perfect webinar if...
- You're a student or just starting your career
- You're new to Canada
- You want to learn more about First Home Savings Accounts
- You don’t feel like you have enough to save
- You aren't confident about investing
- You want simple, clear guidance
What is a First Home Savings Account (FHSA)?
The First Home Savings Account (FHSA) is a registered account designed specifically for first-time home buyers.
- Contributions may provide a tax deduction
- Investments can grow tax-sheltered
- Qualifying withdrawals for a first home are generally tax-free
What's holding people back from investing in an FHSA?
“I don’t have enough money to get started.”
“I don’t have enough money to get started.”
“What if I need the money for something else?”
“What if I need the money for something else?”
“I’m not an expert. I'll stick with what I know.”
“I’m not an expert. I'll stick with what I know.”
What are the benefits of starting an FHSA early?
Tax-Free Growth
You don't pay taxes on the interest you earn like you do with a regular Savings Account or GIC.
Tax Deductions
Your contributions can earn you tax deductions like with an RRSP.
Tax-Free Withdrawals
You won't pay taxes on elgibile withdrawals. Your money will go to the down payment of your new home.
*Contest Terms: No purchase necessary. Only registered attendees of the FHSA Webinar are eligible for entry into the draw for one (1) of twenty (20) $25 Tim Hortons e-Gift Cards. Tim Hortons is not affiliated with or sponsoring this promotion. Winners will be selected by random draw and contacted by email. Virtual gift cards will be distributed within two weeks following the webinar. Innovation Federal Credit Union reserves the right to administer the draw and make all contest-related decisions. By registering, participants consent to receive webinar communications and future promotional emails and offers from Innovation Federal Credit Union.