{"id":173,"date":"2026-11-02T12:00:00","date_gmt":"2026-11-02T12:00:00","guid":{"rendered":"https:\/\/www.realestatebybrian.ca\/blog\/?p=173"},"modified":"2026-11-02T12:00:00","modified_gmt":"2026-11-02T12:00:00","slug":"fhsa-beats-tfsa-for-home-savings","status":"publish","type":"post","link":"https:\/\/www.realestatebybrian.ca\/blog\/2026\/11\/02\/fhsa-beats-tfsa-for-home-savings\/","title":{"rendered":"FHSA Beats TFSA for Home Savings"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/brian-mcquhae\/saving-for-a-first-home-the-fhsa-may-beat-your-tfsa-remotion-videos-9c21\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>For Canadians saving a first down payment, the first-home account blends tax-deductible contributions with tax-free qualifying withdrawals, helping buyers build funds faster.<br \/>\nThis account combines retirement-account-style deductions with tax-free qualifying withdrawals, but money taken for anything other than a home purchase becomes taxable income.<br \/>\nKey limits: $8K yearly, $40K lifetime, up to 15 yr of contributions, and carried-forward room capped at $8K, allowing $16K in one year.<br \/>\nIf buying plans change, unused funds can transfer to a retirement account tax-deferred, while moving money into a tax-free account requires a taxable withdrawal.<br \/>\nFor first-home savings, prioritizing the first-home account can accelerate down payment growth and tax savings; after purchase, the tax-free account supports broader long-term goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>For Canadians saving a first down payment, the first-home account blends tax-deductible contributions with tax-free qualifying withdrawals, helping buyers build funds faster. This account combines retirement-account-style deductions with tax-free qualifying withdrawals, but money taken for anything other than a home purchase becomes taxable income. Key limits: $8K yearly, $40K lifetime, up to 15 yr of [&hellip;]<\/p>\n","protected":false},"author":328,"featured_media":174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/posts\/173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/users\/328"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/comments?post=173"}],"version-history":[{"count":1,"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/posts\/173\/revisions"}],"predecessor-version":[{"id":175,"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/posts\/173\/revisions\/175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/media\/174"}],"wp:attachment":[{"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/media?parent=173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/categories?post=173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestatebybrian.ca\/blog\/wp-json\/wp\/v2\/tags?post=173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}