FHSA 101: Start Your First Home Savings Plan Before Year-End

Thinking about buying your first home in Canada—now or in the next few years? The First Home Savings Account (FHSA) can be one of the smartest ways to save faster thanks to major tax advantages.
Because it’s the end of the year, this session is designed to help you decide whether you should open an FHSA now and what you need to know before you do.

## What We’ll Cover

• What the FHSA is (and how it compares to TFSA and RRSP)
• Who qualifies (first-time home buyer basics)
• The big benefits: tax-deductible contributions + tax-free withdrawals (when used for a first home)
• Contribution room basics + why opening sooner can matter
• FHSA vs. RRSP Home Buyers’ Plan vs. TFSA (simple decision guide)
• How to open one (what to ask your bank/broker + common mistakes)
• Open Q&A: bring your questions and scenarios

## Who Should Attend

• First-time home buyers planning 1–5 years ahead
• Looking to buy the next 15 years
• Couples making a savings plan together
• Newcomers and anyone confused about FHSA rules
• Anyone wondering what to do before year-end

## What to Bring

• Your questions
• Optional: your savings timeline (1 year, 3 years, 5+ years)

## Notes

We’ll meet inside ShareTea—look for our table. Please arrive a few minutes early so we can start on time.