FHSA

Two tax benefits, one account. Build your down payment faster with the First Home Savings Account.

Open an account
  • Lower your tax bill

    with all contributions up to your annual max

  • 100% tax-free returns

    when put towards a qualifying first home

  • Contribute up to $8,000

    every year, up to $40,000 total

  • 15 years to save

    after that, your FHSA rolls over into an RRSP

The key to your first home

Power up your down payment with the tools and features to maximize your tax-free growth.

Lay a solid foundation

Tax-deductible in, tax-free out

Every dollar you contribute to your FHSA goes towards reducing your taxable income, while every withdrawal for an eligible home purchase is tax-free.

Flexible for all aspects of life

Invest, track, and manage your FHSA as part of your full financial portfolio. If you don’t end up buying a home, you can transfer the funds to your RRSP.

Stackable for a larger down payment

Contribute up to $8,000 per year, and $40,000 overall. Withdrawals can be combined with the RRSP Home Buyers’ Plan to unlock an extra $60,000.

“Some brokerages have low fees, others have good service, others have excellent platforms and a variety of investment products. Questrade has it all.”

The Globe and Mail

Have a different goal? We have an account for that. 

This road leads to home

Open an FHSA