Please read the beginning of the article here The maximum participation period for an FHSA ends at the earliest of: 15 years after opening an FHSA; the end of the year following the year of the individual’s...

The tax-free FHSA was introduced in 2023 to help first-time home buyers save up to $40,000 for a home purchase. Individuals eligible to open an FHSA must be at least 18 years of age and resident in Canada....