The FHSA combines RRSP and TFSA benefits — tax-deductible contributions and tax-free withdrawals.
Key Features
- $8,000/year, $40,000 lifetime
- Tax-free growth and withdrawals
- No repayment required
Combine with HBP
A couple can access up to $200,000 combining FHSA ($80K) and HBP ($120K).