- Interactive Brokers launches FHSA in Canada, offering tax-deductible contributions and tax-free investment growth for first-time homebuyers.
- Canadians can invest in US and Canadian stocks, options, and bonds with up to CAD 40,000 lifetime FHSA contribution limit.
Interactive Brokers has officially launched the First Home Savings Account (FHSA) for eligible Canadian residents, offering a smart, tax-efficient way to save and invest for a first home.
This government-registered account allows tax-deductible contributions, tax-free growth, and investment in a wide range of assets including US and Canadian stocks, options, and US bonds.
Canadians can contribute up to CAD 8,000 annually, with a lifetime limit of CAD 40,000. If unused for a home purchase, funds can be transferred tax-free to an RRSP.
