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Introducing the First Home Savings Account (FHSA)

First step for your first home

The key to unlocking your dreams of home ownership is the tax-free First Home Savings Account (FHSA).
This new registered savings account helps you save for the down payment on your first home faster, with:
▪ Tax-deductible contributions (up to $8,000 each year / lifetime limit of $40,000)
▪ Tax-sheltered savings (investment income and growth within the account are not taxable)
▪ Tax-free withdrawals (on qualifying withdrawals for a first home purchase)



What is the FHSA?

The FHSA is a registered savings account designed for prospective first-time homebuyers. Similar to an RRSP, it allows you to make tax-deductible contributions. But what sets it apart is its non-taxable withdrawals, similar to a TFSA, which you can use towards purchasing your first home. Plus, you don’t have to ‘pay back’ that withdrawal like you do when you use funds from your RRSP for a down payment.

Who can benefit from FHSA?

If you are a Canadian resident, aged [18] or above, and a first-time homebuyer, you can open an FHSA. You can contribute up to $8,000 annually, with a lifetime maximum of $40,000.

Maximize Your Savings with an FHSA

The FHSA empowers you to save efficiently for your first home. With tax-deductible contributions and tax-free growth, your savings can multiply faster. Plus, you can also carry forward unused contribution room (up to $8,000), ensuring you don't lose out as your income grows.

So, why wait? We’re here to support you every step of the way on your journey towards home ownership. Take the first step towards your first home with an FHSA—talk to your advisor today!



Wednesday, March 20th - 11:00 am 



Wednesday, March 20 2:00 pm



Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited. The following entities are subsidiaries of Aviso: Credential Qtrade Securities Inc. (including Credential Securities, Qtrade Direct Investing, Qtrade Advisor, Qtrade Guided Portfolios and Aviso Correspondent Partners), Credential Asset Management Inc., Credential Insurance Services Inc., Credential Financial Strategies Inc. and Northwest & Ethical Investments L.P.