What is form RC226 ?

The "Application for a First Home Savings Account Identification Number" refers to the process or form used in Canada to apply for an FHSA (First Home Savings Account) Identification Number. This identification number is necessary when opening a new FHSA with a financial institution.

The FHSA Identification Number serves to uniquely identify your FHSA account with the Canada Revenue Agency (CRA) and is used for tax reporting purposes. It allows the CRA to track contributions, withdrawals, and other activities related to your FHSA.