If you change your mind about buying your first home, the First Home Savings Account (FHSA) funds can be transferred directly into an RRSP or a RRIF, even if you don't have any contribution room available in your retirement accounts.💰
Know your FHSA options and transfer carefully to manage tax impact.
🔗Learn more here: https://www.moneytalkgo.com/what-happens-to-my-fhsa-if-i-dont-buy-a-home/
