Interactive Brokers launched the First Home Savings Account (FHSA) for eligible Canadian residents. This account offers a tax-efficient way to save and invest for a first home, providing tax-free investment growth.
The FHSA allows clients access to a broad range of tradable instruments through Interactive Brokers Canada, empowering them to maximize their savings potential with low costs and global market access.
Steve Sanders, EVP of Marketing and Product Development, stated that this offering helps Canadians reach the financial milestone of homeownership. First-time home buyers or individuals who have not owned a property in the last four years can open an FHSA with ease.
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