First Home Savings Account FHSA

Work towards your goal of buying your first home with a First Home Savings Account (FHSA). The FHSA is a new registered plan that can help you save for your first home tax-free. If you’re at least 18 (and no less than the age of majority in your province), have a Social Insurance Number (SIN) and have not owned a home where you lived this year or at any time in the preceding four calendar years, you may be eligible to open an FHSA.

The tax-free first home savings account (FHSA) is a new registered account to help individuals save up to $40,000 on a tax-free basis to purchase their first home. The FHSA is a mix between a registered retirement savings plan (RRSP) and a tax-free savings account (TFSA). Like an RRSP, contributions you make to a FHSA are tax-deductible; like a TFSA, withdrawals you make to purchase a first home (including the investment income earned) will not be taxable. To download more information, please click on the PDF icon below.

Download

Please complete the following form if you would like us to contact you. Required fields are marked with an "*".

First Name *

Last Name *

E-mail Address *

City *

Province *

Telephone *

Questions or Comments *

Please be advised that any information sent through this Contact page is not considered secure and privacy cannot be ensured. Therefore, we ask that you not include any confidential information such as bank account numbers, credit card numbers, or other account details.

*Required fields

Open A First Home Savings Account (FHSA) at RBC

Contact