{"id":26060,"date":"2023-06-23T18:23:52","date_gmt":"2023-06-23T18:23:52","guid":{"rendered":"https:\/\/yanicksarrazin.com\/?p=26060"},"modified":"2024-08-07T20:20:16","modified_gmt":"2024-08-07T20:20:16","slug":"the-tfsapp-or-the-tax-free-savings-account-for-the-purchase-of-a-first-property","status":"publish","type":"post","link":"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/the-tfsapp-or-the-tax-free-savings-account-for-the-purchase-of-a-first-property\/","title":{"rendered":"The FHSA or the Tax-Free First Home Savings Account"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"26060\" class=\"elementor elementor-26060 elementor-25961\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0cfd3c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0cfd3c2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-94d899e stretch-to-none\" data-id=\"94d899e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de246f9 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"de246f9\" data-element_type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;headings_by_tags&quot;:[&quot;h2&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tThe FHSA - Key information\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__de246f9\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__de246f9\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__de246f9\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d9b850 elementor-widget elementor-widget-text-editor\" data-id=\"9d9b850\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Buying a home is an important investment that can lead to one of your best investments for life. There are many potential buyers, but there are also many who are having trouble getting the down payment they need for such a large real estate purchase, especially with rising property prices.<\/span><\/p><p><span style=\"font-weight: 400;\">Since the last election campaign, the Liberal government, under the leadership of Justin Trudeau, had mentioned the possibility of introducing an <\/span><span style=\"font-weight: 400;\">RDSP.<\/span><span style=\"font-weight: 400;\"> This registered program would be dedicated to first-time buyers under the age of 40 to help them access their first home. However, the idea of the <\/span><span style=\"font-weight: 400;\">RDSP<\/span><span style=\"font-weight: 400;\"> was abandoned and replaced by the FHSA or tax-free savings account for first-time home buyers. The FHSA would be in place as of April 2023 and has certain features.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b717a0f elementor-widget elementor-widget-heading\" data-id=\"b717a0f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">The FHSA : what does it consist of?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-271de20 elementor-widget elementor-widget-text-editor\" data-id=\"271de20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Tax-Free First Home Savings Account (FHSA) <\/span><span style=\"font-weight: 400;\">is designed to help first-time buyers save for their down payment. The main idea is to help young people become homeowners through the housing frenzy. The FHSA combines a variety of <\/span><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/tax-free-savings-account.html\"><span style=\"font-weight: 400;\">TFSA<\/span><\/a><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/tax-free-savings-account.html\"> (tax-free savings account)<\/a> and <\/span><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/rrsps-related-plans\/registered-retirement-savings-plan-rrsp.html\"><span style=\"font-weight: 400;\">RRSP<\/span><\/a><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/rrsps-related-plans\/registered-retirement-savings-plan-rrsp.html\"> (registered retirement savings plan)<\/a> benefits.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In this form of savings, an individual can contribute up to a maximum of $8,000 per year, for a maximum accumulation of $40,000. These contributions are tax-free and the accumulated income is tax-free, so there is nothing to pay back over the years. Withdrawals from the purchase of a property are then also non-taxable.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5705767 elementor-widget elementor-widget-heading\" data-id=\"5705767\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Its eligibility criteria<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ea9704 elementor-widget elementor-widget-text-editor\" data-id=\"1ea9704\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In order to access and benefit from the TFSAPP, <strong>certain eligibility criteria<\/strong> must be met:<\/span><\/p><p><span style=\"font-weight: 400;\">-You must be a Canadian citizen and resident 18 years of age or older.<\/span><\/p><p><span style=\"font-weight: 400;\">-There is no maximum age limit for opening an account.<\/span><\/p><p><span style=\"font-weight: 400;\">-You must not have acquired a property when opening an account or four years before opening it. It must therefore be a first real estate purchase.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-831ccc5 elementor-widget elementor-widget-heading\" data-id=\"831ccc5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Its characteristics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35d8104 elementor-widget elementor-widget-text-editor\" data-id=\"35d8104\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The FHSA also has <strong>certain features:<\/strong><\/span><\/p><p><span style=\"font-weight: 400;\">-The maximum contribution per year is $8,000.<\/span><\/p><p><span style=\"font-weight: 400;\">-Unused contributions can be transferred to the following year.<\/span><\/p><p><span style=\"font-weight: 400;\">-The maximum FHSA limit is $40,000.<\/span><\/p><p><span style=\"font-weight: 400;\">-Like an <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/rrsps-related-plans\/registered-retirement-savings-plan-rrsp.html\">RRSP<\/a>, contributions are fully tax deductible. This increases the ability to save.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">-Withdrawals related to the purchase of a property are non-taxable.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">-These non-taxable withdrawals will be used to purchase a single property for life.<\/span><\/p><p><span style=\"font-weight: 400;\">-If a withdrawal is made and has a purpose other than the purchase of real estate, the amount of the withdrawal will then be taxable.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">-The\u00a0<\/span><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/rrsps-related-plans\/what-home-buyers-plan.html\"><span style=\"font-weight: 400;\">HBP (home buyers\u2019 plan)<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span>and <span style=\"font-weight: 400;\">FHSA<\/span> can be combined to purchase your first home.<\/p><p><span style=\"font-weight: 400;\">-The money can be invested in a FHSA for up to 15 years or until the age of 71. If this maximum period is reached, the account must be closed and the total amount of the accumulated money transferred to an <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/rrsps-related-plans\/registered-retirement-savings-plan-rrsp.html\">RRSP<\/a>.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">&#8211;<\/span>If you want to purchase a property with your spouse, you can combine the accumulated amount of your <span style=\"font-weight: 400;\">FHSA<\/span> with another <span style=\"font-weight: 400;\">FHSA<\/span> account for the down payment.<\/p><p><span style=\"font-weight: 400;\">The FHSA then presents certain constraints, but also significant advantages for a first-time buyer.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0da389a elementor-widget elementor-widget-heading\" data-id=\"0da389a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">What types of investments can you hold in a FHSA?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0508ae5 elementor-widget elementor-widget-text-editor\" data-id=\"0508ae5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Other products will be offered over time. Here are the ones currently known:<\/p><p>-Stocks, options and bonds<\/p><p>-Savings deposits<\/p><p>-Exchange Traded Funds (ETFs)<\/p><p>-Cash<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cbd3338 elementor-widget elementor-widget-heading\" data-id=\"cbd3338\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">What are the steps when buying a property?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-122b542 elementor-widget elementor-widget-text-editor\" data-id=\"122b542\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>-Have a written agreement to buy in Canada<br \/>-Be considered a first buyer (of a first property)<br \/>-Make the withdrawal of the CELIAPP 30 days after the purchase of the property, thus following <a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/seller-information\/sellers-and-buyers-what-are-the-costs-to-pay-at-the-notary-and-the-mandatory-documents-to-provide\/\">the passage to the notary<\/a><br \/>-Closure of FHSA must occur on December 31 of the following year of the first eligible withdrawal<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-591efd5 elementor-widget elementor-widget-heading\" data-id=\"591efd5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">What happens if you don\u2019t buy a property? \n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ca58bf elementor-widget elementor-widget-text-editor\" data-id=\"8ca58bf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>After the maximum period of 15 years, you have two options. You can withdraw the full amount accumulated in your FHSA, but it will be taxed. The second option is to transfer FHSA amounts to your <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/rrsps-related-plans\/registered-retirement-savings-plan-rrsp.html\">RRSP<\/a> or <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/registered-retirement-income-fund-rrif.html\">RRIF (Registered Retirement Income Fund)<\/a> without tax impact without affecting your RRSP contribution room.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f59f7ad elementor-widget elementor-widget-heading\" data-id=\"f59f7ad\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">How do I open a FHSA account?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29627b3 elementor-widget elementor-widget-text-editor\" data-id=\"29627b3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The FHSA account is available in the various banks across the country. It\u2019s a simple process to open an account. Make an appointment with your bank advisor, in person at the branch, by phone or virtually.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2dd1e3f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2dd1e3f\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac76d2a elementor-widget elementor-widget-text-editor\" data-id=\"ac76d2a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Available in 2023, the Tax-Free First Home Savings Account (FHSA)<\/span><span style=\"font-weight: 400;\"> is designed to help first-time buyers through the housing frenzy to save for their down payment. The FHSA has many advantages, such as improved ability to save, with fully tax-deductible contributions and non-taxable withdrawals on the purchase of your first home. In addition, the maximum FHSA limit is raised to $40,000, for a maximum annual contribution of $8,000. The FHSA has many advantages for the purchase of your first property.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2c2e290 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c2e290\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-bae1d08 stretch-to-none\" data-id=\"bae1d08\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57846d4 elementor-widget elementor-widget-spacer\" data-id=\"57846d4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-13c4def elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"13c4def\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-383d023 elementor-widget elementor-widget-heading\" data-id=\"383d023\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Consult other real estate news<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5ac382 elementor-posts--align-right elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-card-shadow-yes elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"b5ac382\" data-element_type=\"widget\" data-settings=\"{&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:30,&quot;sizes&quot;:[]},&quot;cards_masonry&quot;:&quot;yes&quot;,&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-78102 post type-post status-publish format-standard has-post-thumbnail hentry category-montreal-en category-news category-real-estate-broker-plateau-mont-royal category-real-estate-news category-real-estate-broker-rosemont-la-petite-patrie category-real-estate-broker-villeray tag-july-first tag-montreal-en tag-moving tag-plateau-en tag-real-estate tag-real-estate-broker-montreal tag-real-estate-montreal tag-rosemont-en tag-rosemont-la-petite-patrie-5 tag-villeray-en\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/july-1-moving-in-quebec-tips-and-tricks\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"900\" height=\"506\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-1024x576.jpg\" class=\"attachment-large size-large wp-image-78100\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-1024x576.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-300x169.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-768x432.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-1536x864.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-2048x1152.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-scaled-600x338.jpg 600w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Montreal<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/july-1-moving-in-quebec-tips-and-tricks\/\" >\n\t\t\t\tJuly 1: Moving in Quebec | Tips and Tricks\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Quebec mores In Quebec, it has been customary for many years for the majority of leases to end<\/p>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-72237 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-buyer-information tag-key-interest-rate tag-montreal-en tag-plateau-mont-royal-4 tag-real-estate tag-real-estate-broker-montreal tag-real-estate-information tag-real-estate-montreal tag-rosemont-en tag-villeray-en\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/key-interest-rate-cut-to-2-75-a-great-opportunity-for-the-real-estate-market\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/03\/Yanick-Sarrazin-40-1024x683.jpg\" class=\"attachment-large size-large wp-image-72196\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/03\/Yanick-Sarrazin-40-1024x683.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/03\/Yanick-Sarrazin-40-300x200.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/03\/Yanick-Sarrazin-40-768x512.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/03\/Yanick-Sarrazin-40-1536x1024.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/03\/Yanick-Sarrazin-40-2048x1365.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/03\/Yanick-Sarrazin-40-scaled-600x400.jpg 600w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">News<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/key-interest-rate-cut-to-2-75-a-great-opportunity-for-the-real-estate-market\/\" >\n\t\t\t\tKey interest rate cut to 2.75% : A great opportunity for the real estate market!\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Montreal, March 12, 2025 &#8211; The Bank of Canada has announced a further 0.25% reduction in its key<\/p>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-68271 post type-post status-publish format-standard has-post-thumbnail hentry category-interior-design category-news category-non-classifiee category-real-estate-news category-tips-and-tricks tag-buyer tag-courtier-immobilier-en tag-immobilier-en tag-montreal-en tag-plateau-mont-royal-4 tag-real-estate tag-real-estate-agent-rosemont tag-real-estate-broker-montreal tag-rosemont-en tag-seller\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/8-must-have-decorating-trends-for-2025\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/bailey-alexander-pkIJXMezi_E-unsplash-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-68272\" alt=\"Decorating trends\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/bailey-alexander-pkIJXMezi_E-unsplash-1-1024x683.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/bailey-alexander-pkIJXMezi_E-unsplash-1-300x200.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/bailey-alexander-pkIJXMezi_E-unsplash-1-768x512.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/bailey-alexander-pkIJXMezi_E-unsplash-1-1536x1024.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/bailey-alexander-pkIJXMezi_E-unsplash-1-2048x1365.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/bailey-alexander-pkIJXMezi_E-unsplash-1-scaled-600x400.jpg 600w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Interior Design<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/8-must-have-decorating-trends-for-2025\/\" >\n\t\t\t\t8 must-have decorating trends for 2025\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>As a real estate team, it&#8217;s essential to stay on top of the latest trends in interior design.<\/p>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c81b63f elementor-widget elementor-widget-spacer\" data-id=\"c81b63f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f3b871 elementor-widget elementor-widget-heading\" data-id=\"0f3b871\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Questions ? Contact one of our real estate brokers<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d34b6d elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"5d34b6d\" data-element_type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Back&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Nouveau formulaire\" aria-label=\"Nouveau formulaire\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"26060\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"5d34b6d\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"Archives des montreal real estate - Courtier Immobilier Montr\u00e9al Yanick E Sarrazin\" \/>\n\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-name\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tName\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Name\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tE-mail\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"E-mail\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-message elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-message\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tMessage\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<textarea class=\"elementor-field-textual elementor-field  elementor-size-sm\" name=\"form_fields[message]\" id=\"form-field-message\" rows=\"4\" placeholder=\"Message\"><\/textarea>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Send<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae610da elementor-widget elementor-widget-spacer\" data-id=\"ae610da\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-35de909 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"35de909\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-df6284e stretch-to-none\" data-id=\"df6284e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The FHSA &#8211; Key information Buying a home is an important investment that can lead to one of your best investments for life. There are many potential buyers, but there are also many who are having trouble getting the down payment they need for such a large real estate purchase, especially with rising property prices. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":60924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[606,464,462,511,641],"tags":[926,927,928,794,563,303,18,544,546,542],"class_list":["post-26060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer-information","category-montreal-real-estate-broker","category-news","category-real-estate-news","category-real-estate-news-buyer-information","tag-courtier-immobilier-en","tag-immobilier-en","tag-information-acheteur-montreal-en","tag-information-acheteur-montreal","tag-montreal-real-estate","tag-propriete","tag-real-estate","tag-real-estate-broker-montreal","tag-real-estate-information","tag-real-estate-montreal"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The FHSA or the Tax-Free First Home Savings Account - 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