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Find out what it means to be an
SVCU member.
Welcome
"Building a better future with you"
Introducing the...
First Home Savings Account (FHSA)
First step for your first home!
The key to unlocking your dreams of home ownership is the tax-free First Home Savings Account (FHSA).
This new registered savings account helps you save for the down payment on your first home faster, with:
▪ Tax-deductible contributions (up to $8,000 each year / lifetime limit of $40,000)
▪ Tax-sheltered savings (investment income and growth within the account are not taxable)
▪ Tax-free withdrawals (on qualifying withdrawals for a first home purchase)
FHSA FAQ's
The key to unlocking your dreams of home ownership is the tax-free First Home Savings Account (FHSA).
This new registered savings account helps you save for the down payment on your first home faster, with:
▪ Tax-deductible contributions (up to $8,000 each year / lifetime limit of $40,000)
▪ Tax-sheltered savings (investment income and growth within the account are not taxable)
▪ Tax-free withdrawals (on qualifying withdrawals for a first home purchase)
FHSA FAQ's
New to Canada?
We have a card for you!
Our credit cards are designed with a range of benefits to help you get started and thrive in your new home. Talk to us today to find the credit card that’s right for you! Learn more here!
