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How First Home Savings Account Can Help Homebuyers

New Canadian home buyers will soon be able to utilize a new savings and investment tool called the First Home Savings Account to help them get ready for their first experience in the housing market. The FHSA is a registered account that merges features of tax-free savings accounts and registered retirement savings plans, allowing you to save up to $8,000 annually with a maximum limit of $40,000.

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