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FHSA Tax benefits: By depositing money in a FHSA, you’ll reduce your taxable income and save on taxes. FHSA earnings are tax-free. Use for: First-time home buyers: The FHSA is specifically designed to help you save for the purchase of your first home. While withdrawals are tax-free, they become taxable if you withdraw money for a purpose other than buying a home. #homebuying #firsttimehomebuyer | Canadian Financial Literacy | Facebook
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