06/03/2026
🏡 Did you know the FHSA isn't just for young first-time homebuyers?
It's a newer registered account that offers unique tax strategies for investors of all ages. You can contribute $8,000 per year up to a maximum of $40,000. If you haven't owned a home in the last 4 calendar years—maybe you're renting after a life change like a divorce—you can use this powerful tool. And the best part? If you don't end up buying a home, you can transfer it to your RRSP, essentially creating extra contribution room! Plus, there are no complicated repayment rules when you use it for a home.