What is an FHSA?

Benefits of an Imperial Investor Service FHSA

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Withdraw from both the RRSP Home Buyers’ Plan and FHSA

Who is eligible to open an FHSA?

How do I qualify to open an FHSA?

How can I withdraw my FHSA savings tax-free?

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, RRIF or make a taxable withdrawal.5

No limit for qualifying withdrawals

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

How does the FHSA compare to other registered plans?

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