If your bank doesn’t have an FHSA yet, it might later this year. Through the passing of legislation, the Canadian government made it possible for Canadians to access FHSAs starting on April 1, 2023. However, most financial institutions were not ready to launch their accounts on that date; many have decided to wait or continue to work with the Canada Revenue Agency (CRA) on obtaining approval to offer the new account type. This has delayed many institutions from giving their customers access to FHSAs.