A First Home Savings Account Is A Savings Plan That Helps People Who Are Buying A Home For The First Time. This Account Helps Them Save Money For That Home. The Money You Put Into A First Home Savings Account Can Be Tax-deductible.. When You Take The Money Out To Buy A Home You Do Not Have To Pay Tax On It. It Is Like Having The Benefits Of Two Savings Plans, The RRSP And The TFSA All In One.
