Save for Your First Home, Tax-Deductible and Tax-Free
A First Home Savings Account combines the best parts of an RRSP and a TFSA, built specifically for first-time homebuyers. SMG Solutions helps you open an FHSA account, contribute up to the annual FHSA contribution limit of $8,000, and claim a tax deduction while your savings grow tax-free toward your first home purchase in Canada.

What Your FHSA Offers
• Tax-deductible contributions up to $8,000 per year
• Lifetime FHSA contribution limit of $40,000
• Tax-free withdrawals when you buy a qualifying first home
• Unused contribution room carried forward to future years
• Penalty-free transfers to your RRSP if you do not buy a home

Understand FHSA vs RRSP Before You Choose
Wondering how an FHSA compares to a Home Buyers’ Plan withdrawal from your RRSP? Our advisors walk through FHSA vs RRSP scenarios, confirm your eligibility as a first-time homebuyer, and help you choose the best FHSA account in Canada for your savings timeline and down payment goal. We also explain how FHSA contributions interact with your RRSP and TFSA limits, so your overall savings strategy stays fully optimized.

Start Saving for Your First Home
Every year you delay is contribution room and tax savings you cannot recover. Contact SMG Solutions today for a free FHSA consultation and take a real step toward owning your first home.