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Making it easier and more tax efficient to save for your first home!


What is a FHSA?

This Canadian Government registered plan is designed specifically to help you save for your first home, tax-free. 

Eligibility to open an FHSA:

  • 18 years old or older (or meets the age of majority in your province)
  • Valid Social Insurance Number (SIN), 
  • You nor your spouse have ever owned a home where you lived this year or in the past four calendar years.

Seize the opportunity and embark on your path to homeownership today! Learn more about the intricacies, terms and conditions of the Canadian Government Plan.

How does the FHSA work?

The FHSA combines the tax advantages of an RRSP and a TFSA while allowing people to save for their first home. 

Like an RRSP, contributions to a FHSA are tax-deductible. So, if you contribute $8,000, the same amount can be deducted from your taxable earnings. 

If you are making a qualified withdrawal, you won't pay tax on that withdrawal. Like a TFSA, this includes principal and potential growth compared to a RRSP in which all withdrawals are subject to income tax. This saves you more money towards your new home!

Want to know which registered product is right for you? Compare them now!
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Savings Account

Open your FHSA contract and deposit your contribution into a FHSA competivive savings account.

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Term Deposits

Term deposits are a guaranteed way to grow your money short or long-term with competitive rates and redeemable options.

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Mutual Funds & Portfolios

Mutual Funds* offer the potential to make more money, however a return is never guaranteed.

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Speak with an Advisor 

Our team of experts can open your new FHSA contract today to set you up for success!


We are always here to help


The First Home Savings Account is a registered Canadian Government product, and all information is based on what is currently available from the Canadian Revenue Agency website and is subject to change. Please review for the terms and conditions of the plan.
For tailored advice on taxes, please consult with a professional accountant.
*Mutual funds and other securities are offered through Qtrade Advisor, a division of Credential Qtrade Securities Inc. Mutual funds are offered through Qtrade Asset Management Inc.
Rates, fees and accounts are subject to change. For a complete list of services and fees, refer to our Service Fee Guide