FHSA
FHSA
The First Home Savings Account (FHSA) is designed specifically for first-time home buyers, combining the best features of an RRSP and a TFSA — a tax deduction going in, and tax-free withdrawals coming out for your first home.
Why it matters
The FHSA helps you build a down payment faster — maximizing both tax savings and investment growth on the way to owning your first home.
Key benefits of an FHSA
Tax-deductible contributions
Reduce your taxable income with every eligible contribution, like an RRSP.
Tax-free growth
Your investment earnings grow tax-free inside the account.
Tax-free home-purchase withdrawals
Qualifying withdrawals put toward your first home are completely tax-free.
Annual contribution limit
Contribute up to $8,000 per year.
Lifetime contribution limit
Save up to $40,000 over the life of the account.
Built for first-time buyers
Available to eligible Canadian residents aged 18 to 71 who meet the first-time-home-buyer requirements.
Who it's for
First-time home buyers saving for a down payment.
Contribution limits and eligibility rules are set by the Canada Revenue Agency and can change year to year — we'll confirm the current figures with you.
Buying your first home? See our Mortgages too.Explore other coverage
Common questions
What makes your service different? +
One dedicated advisor handles your file end-to-end — comparing insurers, preparing the paperwork, explaining it in your language, and staying reachable on WhatsApp. No call-centre, no runaround.
How fast can I get a quote? +
Send us your details through the quote form or on WhatsApp and an advisor typically replies the same business day. Tight visa deadline? Tell us and we'll prioritize it.
Can I pay monthly instead of all at once? +
Many Super Visa and visitor policies offer monthly payment options. We'll show you which insurers allow it and what it costs so you can choose what fits your budget.
Ready to protect the people you love?
Message us on WhatsApp or call — a real advisor answers, no obligation.