{"id":408,"date":"2025-12-29T15:00:00","date_gmt":"2025-12-29T15:00:00","guid":{"rendered":"https:\/\/www.kaviankarimi.com\/blog\/?p=408"},"modified":"2025-12-29T15:00:00","modified_gmt":"2025-12-29T15:00:00","slug":"how-to-use-a-first-home-savings-account-fhsa","status":"publish","type":"post","link":"https:\/\/www.kaviankarimi.com\/blog\/2025\/12\/how-to-use-a-first-home-savings-account-fhsa\/","title":{"rendered":"How to Use a First Home Savings Account (FHSA)"},"content":{"rendered":"<div class=\"roomvu-news-container\">\n<p>The First Home Savings Account (FHSA) helps first-time Canadian home buyers save up to $40,000 tax-free for a down payment. Contributions are tax-deductible, with an $8,000 annual limit and carry-forward allowed. Withdrawals for qualifying home purchases are tax-free, while non-qualifying withdrawals are taxed. Funds can be invested tax-free and transferred to RRSPs if unused. The FHSA complements the Home Buyers\u2019 Plan but has lower contribution limits.<\/p>\n<p>\t<a class=\"roomvu-news-continue\" href=\"https:\/\/www.nerdwallet.com\/ca\/p\/article\/mortgages\/first-home-savings-account\"><\/p>\n<div>Continue to full article<\/div>\n<p>\t<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The First Home Savings Account (FHSA) helps first-time Canadian home buyers save up to $40,000 tax-free for a down payment. Contributions are tax-deductible, with an $8,000 annual limit and carry-forward allowed. Withdrawals for qualifying home purchases are tax-free, while non-qualifying withdrawals are taxed. Funds can be invested tax-free and transferred to RRSPs if unused. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-408","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/posts\/408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/comments?post=408"}],"version-history":[{"count":1,"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/posts\/408\/revisions"}],"predecessor-version":[{"id":414,"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/posts\/408\/revisions\/414"}],"wp:attachment":[{"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/media?parent=408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/categories?post=408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kaviankarimi.com\/blog\/wp-json\/wp\/v2\/tags?post=408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}