The first home saver account is designed to help first home buyers save for their first residence. The account’s main restriction is that you must have a four year saving horizon in order to take advantage of the benefits.benefit of the account is that the government will add 17% (calculated on balance up to $5,000) each to your account. This is a great enticement to help first home buyers save for their first home. The benefits of first home saver account is however limited because it is capped at $75,000. If you are thinking about signing up for a first home savers account then one thing that consistently raise concerns is the four year saving horizon limit.There is also a enhancement from the lower tax rates levied on the investment return on the account. So think about first home saver account carefully and choose the right FHSA provider by making appropriate comparisons.