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First Home Savings Account (FHSA) in Canada: Your path to homeownership is finally here!

To Get Free Access to Our Guide, Please Fill Out the Form on This Page


The Government of Canada recently introduced the First Home Savings Account (FHSA) program, designed to help Canadians overcome some of the biggest challenges of homeownership—namely, saving for a down payment. If you’ve been dreaming of purchasing your first home but have been struggling to save enough, the FHSA is an exciting opportunity that could make your homeownership goals a reality.

Launched on April 1st, the FHSA in Canada allows you to save up to $40,000 towards the purchase of your first home, and it comes with substantial tax benefits. On top of the existing Home Buyers' Plan (HBP), which offers a $35,000 savings limit per individual, you can now save up to a total of $75,000 to put toward your home purchase. This combined amount can significantly improve your ability to afford the home of your dreams.

Understanding the details of this new program is crucial for maximizing its benefits. That’s why Sunny Gawri Real Estate created a comprehensive Guide to help you navigate the FHSA program, breaking down the key aspects and eligibility requirements so you can make the most of this fantastic opportunity.

Here’s what the Guide covers:

  • How to open and close an FHSA—step-by-step instructions to ensure you get started with the program correctly.
  • The rules for contributing to your FHSA—what you need to know about contribution limits and deadlines.
  • How to transfer funds from other savings plans to your FHSA for greater flexibility.
  • Conditions for withdrawing funds—understanding when and how you can use your FHSA savings for your home purchase.
  • The tax deductions you’re eligible for—make sure you’re taking advantage of every tax benefit available.


Whether you’re new to the home-buying process or already familiar with other savings plans, our guide for FHSA in Canada will provide you with the tools and knowledge to make this program work for you. Fill out the form below to get FREE access to this essential Guide, and see if you qualify for this game-changing program.


Need More Information or Personalized Help?

If you have any questions or want to discuss how the First Home Savings Account (FHSA) in Canada can benefit you, feel free to contact us directly. Our team is here to assist you in navigating this program and guide you through every step of your home-buying journey. Reach out to us today!