05/28/2026
Buying your first home can feel overwhelming — especially when home prices, saving goals, and everyday expenses all compete for your attention 🏡
That’s where the FHSA (First Home Savings Account) comes in.
The FHSA was designed to help Canadians save for their first home in a more tax-efficient way by combining features of both a TFSA and RRSP:
✔ Contributions may be tax-deductible
✔ Qualifying withdrawals for a first home are generally tax-free*
✔ Your investments can grow inside the account over time
For many Gen Z and Millennial Canadians, it can be a powerful long-term tool for building toward homeownership.
Even small contributions made consistently can add up over time — especially when paired with compound growth and a clear financial plan.
If opening an FHSA aligns with your goals, Affinity Capital can help you understand how it works and whether it makes sense as part of your overall financial plan 📈
⚠️ Educational content only. Eligibility rules and tax treatment vary by individual situation. Speak with a qualified financial professional before making financial decisions.
Source: Canada Revenue Agency (CRA) — First Home Savings Account (FHSA)