The First-Home Savings Account (FHSA) in Canada allows first-time buyers to save up to $40,000 tax-free for a home, combining benefits of TFSA and RRSP. Despite high home prices, it remains advantageous, especially for higher-income earners due to tax deductions and a 15-year usage window. Unused FHSA funds can roll into RRSPs. Early contributions and investment diversification aligned with purchase timelines are recommended.