Take Advantage of The New First Home Savings Account (FHSA) Today!
Choose Your FHSA Path:
Get Access To The FHSA in Ontario!
Find out where you should open up your FHSA
Build the FHSA into your investment plan
Learn about the maximum contribution for 2023 & 2024
See how you can use the FHSA to help get your first home
Customized FHSA Strategy in Minutes
Fill out the short form to have access to a free financial planner that can help get your FHSA set up in no time. Don’t miss out on your 2023 contribution room!
“Trying to buy my first home in Kitchener was a borderline nightmare. Elie made the Q&A feel like a real conversation. Speaking with someone who’s seen every scenario helped me see how many options I actually had.”
— GRFS MORTGAGE CLIENT
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What is the First Home Savings Account (FHSA)?
This is a Canadian registered savings plan that allows first time homebuyers to save an additional allotment of money for a new home. Extremely similar to a RRSP, the FHSA is tax-deductible on your income tax return.
How much can I invest in the FHSA?
You can invest $8,000 per year into the FHSA. Currently it appears that 2024 will have the same maximum but may be subject to change year over year.
Can I use the FHSA and RRSP first time home buyers plan?
Yes! You can take advantage of the registered retirement income fund (RRSP) first time homebuyers plan AND the FHSA. Both can be utilized as contribution towards your first home. A great addition that will allow more Canadians to save up for that first down payment.