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FHSA, Explained - Everything You Need To Know About The NEW First Home Savings Account For BeginnersAn FHSA is a type of registered plan, which means you can hold investments in it to help you reach your goal of owning a home faster. For financial institutions on how to administer a tax-free first home savings account (FHSA). The First Home Savings Account (FHSA) is available to open at CIBC. Learn how this new plan can help Canadians save for their first home, tax-free.