FHSA rules, limits, tax benefits, and how first-time buyers can use it with the Home Buyers’ Plan. скачать в хорошем качестве

FHSA rules, limits, tax benefits, and how first-time buyers can use it with the Home Buyers’ Plan.

Thinking about buying your first home in Edmonton? In this video, Serge Bourgoin of Edmonton-Real-Estate.com and FindMyHouse.ca explains how the First Home Savings Account (FHSA) can help Edmonton first-time home buyers save for a down payment faster in 2026. The FHSA allows eligible buyers to make generally tax-deductible contributions, grow their savings tax-free, and make qualifying tax-free withdrawals to buy a first home. The CRA says FHSA participation room starts at $8,000 in the year you open your first FHSA, with a $40,000 lifetime limit. In this video, you’ll learn how the FHSA works in Canada, who may qualify as a first-time home buyer, how FHSA contribution limits work, and why opening an FHSA early can be a smart move for buyers trying to get into the Edmonton real estate market. We also cover how the FHSA can work alongside the Home Buyers’ Plan (HBP), which currently allows eligible buyers to withdraw up to $60,000 from their RRSP, and the CRA confirms eligible buyers may use both the FHSA and HBP for the same qualifying home if they meet the program rules. This video is ideal for: Edmonton first-time home buyers, Alberta home buyers, buyers saving for a down payment, Canadians comparing FHSA vs TFSA vs RRSP, and anyone who wants to understand first-time home buyer programs in Canada. It also covers an important point many buyers miss: qualifying FHSA withdrawals do not have to be repaid, which can make the FHSA one of the most powerful tools available for first-home savings. If you’re planning to buy a home in Edmonton and want expert guidance on the buying process, mortgage preparation, neighbourhoods, and homes for sale, connect with Serge Bourgoin at Edmonton-Real-Estate.com. Topics covered in this video: FHSA Canada 2026 FHSA for first-time home buyers Edmonton first-time home buyer tips How to save for a down payment in Edmonton FHSA contribution limits FHSA withdrawal rules Home Buyers’ Plan Canada Buying your first home in Edmonton Edmonton real estate tips Down payment savings strategies Canada Visit: Edmonton-Real-Estate.com FindMyHouse.ca Subscribe for more videos on: Edmonton real estate First-time home buyers Mortgage and down payment tips Edmonton market updates Home buying strategies in Alberta Serge Bourgoin is widely considered one of Edmonton's top and best realtors. To view all MLS listed home for sale visit: https://www.Edmonton-Real-Estate.com Thinking of selling? Get a free home evaluation, Informed Seller Guide, or book an appointment with Serge: https://www.serge.bourgoin #EdmontonRealEstate #FirstTimeHomeBuyer #FHSA #EdmontonHomes #HomeBuyingCanada #DownPaymentTips #AlbertaRealEstate #SergeBourgoin #FindMyHouse #EdmontonFirstTimeBuyer