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Complete our secure online form the FHSA.

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NEW First Home Savings Account: BEST Investments To Hold In FHSA
The First Home Savings Account (FHSA) is a registered investment account that can help Canadians contribute up to $40, for their first home. Any growth from. The First Home Savings Account (FHSA) is available to open at CIBC. Learn how this new plan can help Canadians save for their first home, tax-free. FHSA is a first-time home buyer's tax-free savings account designed to help Canadians save for a down payment and help reach the goal of home ownership.

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Start saving for your first home, tax-free. If you make a withdrawal from your FHSA for any other purpose, your withdrawal will be subject to withholding tax and the amount you withdraw will be added to your taxable income. You must also intend to occupy the qualifying home as your principal place of residence within one year of buying or building it. May not be right for you if you:. For example, if you bought your first home in and sold it in and have been renting or living with parents or a non-spouse ever since, you would be considered a first-time homebuyer again.

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