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First Home Savings Accounts (FHSA)

The First Home Savings Account is a new registered account, introduced by the Government of Canada, to help you save, tax-free, for a down payment toward home ownership.

Contact your rep to set up your FHSA now and start taking advantage as soon as possible!


  • FHSAs allow you to save money toward your down payment
  • Contribute up to $8,000 per year, to a maximum of $40,000.
  • Similar to a RRSP, contributions are tax deductible.
  • Similar to a TFSA, you will not be taxed when you withdraw the money for your first home down payment.
  • Any unused savings can be transferred to another registered account without a tax penalty.