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First Home Savings Account Explained in 2 Minutes

By the Inspired Investor team

Published March 29, 2023 • 1 Min Read

The First Home Savings Account, or FHSA, is a new registered plan that can help you save for your first home tax-free. Is it right for you? Check out this short explainer video to find out about FHSA tax benefits, contribution limits, eligibility and more.

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

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