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First home savings, structured
FHSA
Save toward your first home with an FHSA — contributions are tax-deductible like an RRSP, and qualifying withdrawals come out completely tax-free like a TFSA.
- Contributions are tax-deductible, same as an RRSP
- Qualifying withdrawals are completely tax-free
- $8,000 annual room, $40,000 lifetime limit
Licensed & regulatedEvery recommendation comes from a licensed Canadian advisor.
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Coverage and strategy
Built for real decisions, not generic checklists.
Each recommendation is customized to your goals, eligibility profile, and budget priorities.
Double tax advantage
Contributions reduce your taxable income the same way RRSP contributions do, and qualifying withdrawals toward your first home come out completely tax-free the same way TFSA withdrawals do.
Eligibility clarity
We confirm first-time home buyer status, age, and residency requirements before you open an account, so contribution room isn't wasted on an account you can't use.
Contribution pacing
We build a realistic monthly or quarterly schedule toward the $8,000 annual room and $40,000 lifetime maximum.
Home Buyers' Plan coordination
We show you how an FHSA can be combined with the RRSP Home Buyers' Plan for the same home purchase, and when that combination makes sense for your down payment.
FHSA eligibility & limits
What to know before opening an FHSA
An FHSA has specific rules around who qualifies, how much you can contribute, and how long the account can stay open — we walk through all of it before you commit.
First-time buyer test
You (and your spouse or common-law partner) must not have lived in a home you owned as your principal residence in the current year or the preceding four calendar years.
Age & residency
You must be a Canadian resident, at least 18 years old, and no older than 71 in the year you open the account.
Annual & lifetime limits
Contribution room is $8,000 per year, up to a $40,000 lifetime maximum, with up to $8,000 of unused room carried forward to a future year.
15-year account window
An FHSA can stay open for up to 15 years, or until the end of the year you turn 71, or until the year after your first qualifying withdrawal — whichever comes first.
See it grow
Try the calculatorModel your contributions before you commit.
Run your own numbers through our compound interest calculator — adjust contributions, timelines and rates to see projected growth before you talk to an advisor.
Regional planning support
FHSA guidance by province
Get province-aware first-home savings support for major cities across Alberta, British Columbia, and Ontario.
Alberta home & investment planning
First-home savings guidance alongside full advisory support for Calgary, Edmonton, Red Deer, Lethbridge, and surrounding Alberta communities.
View pageBritish Columbia home & investment planning
First-home savings support for Vancouver, Surrey, Burnaby, Richmond, Kelowna, and BC families.
View pageOntario home & investment planning
First-home savings strategy for Toronto, Mississauga, Brampton, Ottawa, Hamilton, and families across Ontario.
View pageHow it works
Clear steps from first call to active coverage.
Discovery call
We understand your profile, priorities, and risk tolerance before recommending any product.
Market comparison
We compare options across insurers and explain trade-offs in plain language.
Application support
From forms to underwriting notes, we help you submit accurate details quickly.
Ongoing reviews
We revisit your policy each year to keep coverage aligned with life changes and budget.
Common questions
Answers before you apply.
It's not either/or — many buyers use both. We explain how combining FHSA contributions with the Home Buyers' Plan can maximize your total down payment on the same purchase.
You can transfer FHSA savings to an RRSP or RRIF tax-free without using up your RRSP contribution room, so the money isn't locked to a home purchase.
Yes. We help you sequence contributions across FHSA, TFSA, and RRSP so you're not leaving any tax-advantaged room unused.