The Tax-Free First Time Home Buyer Savings Account is a great way to save to buy your first home in Canada.

Buying a home can be a challenge for many first-time home buyers, but a new registered account is aiming to help Canadians save towards their first home.
To be eligible to open an FHSA, you must be an individual resident of Canada, at least 18 years of age, and not turning 72 or older in the year.* You must be a first-time home buyer, meaning you or your spouse or common-law partner did not own a qualifying home you lived in as your principal residence at any part of the calendar year before the account was opened or the preceding four calendar years.