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First Home Savings Accounts (FHSA)

The First Home Savings Account is a new registered account, introduced by the Government of Canada, to help you save, tax-free, for a down payment toward home ownership.

Contact your rep to set up your FHSA now and start taking advantage as soon as possible!


 

  • FHSAs allow you to save money toward your down payment
  • Contribute up to $8,000 per year, to a maximum of $40,000.
  • Similar to a RRSP, contributions are tax deductible.
  • Similar to a TFSA, you will not be taxed when you withdraw the money for your first home down payment.
  • Any unused savings can be transferred to another registered account without a tax penalty.
 Talk to your OPPA Credit Union team about a FHSA strategy today!

CALL

1.800.461.4288

EMAIL

contactus@oppacu.com

ATMS

Find Us

Loan/Mortgage APPLICATION
Membership Application

CALL

1.800.461.4288

EMAIL

contactus@oppacu.com

ATMS

Find Us

Applications

OPPA Credit Union: Barrie Office
123 Ferris Lane, Barrie, Ontario L4M 2Y1

Hours: Monday – Friday: 8:30 – 4:30
Tel: 705 726 5656     Toll Free: 1 800 461 4288

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