What is the FHSA?

Benefits of an FHSA at Investor’s Edge

Get tax benefits

Contributions to your FHSA lower your taxable income. Your savings also grow tax free.

Invest in stocks, ETFs, options and more

Choose from a wide variety of investment choices to diversity your portfolio.

Tools and research for all types of investors

Invest with confidence with access to cutting-edge tools and expert research.

Withdraw from both the RRSP Home Buyers' Plan and FHSA

If you have any funds left in your FHSA, you can transfer them tax-deferred to your RRSP or RRIF.

Easily make contributions by setting up a Regular Investment Plan

Tell us how much and when and we'll automatically debit your bank account.

Pay up to $6.95 per online stock or ETF trade

Under 25? Learn how you can trade for free.

Who is eligible to open an FHSA?

How do I qualify to open an FHSA?

How can I withdraw my FHSA savings tax-free?2

How much can I contribute and withdraw from the FHSA?

$8,000 annual contribution limit

Your annual limit includes any transfers you make from an RRSP. You can carry-forward unused portions of your annual contribution limit in any year up to a maximum of $8,000.4

$40,000 lifetime contribution limit

You must close your FHSA within 15 years of opening the account, or by the time you turn 71 years old, whichever is sooner. You may transfer funds not used towards the purchase of a qualifying home to your RRSP or RRIF or make a taxable withdrawal.5

No limit for qualifying withdrawals

If you qualify to use your savings toward the purchase of a qualifying home, you can withdraw amounts from your FHSA, tax-free.2


Advantages of the First Home Savings Account

Understand the basics of the new First Home Savings Account and discover how this plan can help homebuyers.

Build your confidence as you build your portfolio

Explore our helpful how-to guides and trading tutorials, and keep up with the latest market research and investment trends.

Ready to invest with Investor’s Edge?