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Save Tax with a First Home Savings Account

First Home Savings Accounts, or FHSAs combine the concept of Tax-Free Savings Accounts and Registered Retirement Savings Plans. For people aged 18 and older, like an RRSP, contributors receive a tax deduction on contributions and TFSA-like tax-free withdrawals when using the savings to buy a home. Further, any investment gains earned in the account are tax-sheltered.

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First Home Savings Accounts Tax-Free Savings Accounts Retirement Savings Plans tax deduction contributions

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RN Mabira Professional Corporation
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112 Violet St.
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