First Home Savings Account
Access $8,000 of tax-free FHSA room
Access $8,000 of tax-free FHSA room
Benefits of an FHSA
Enjoy tax-free growth
Contributions are tax deductible
Qualifying withdrawals 1 are tax-free
Carry forward up to $8,000 of unused contribution room yearly
When to open an FHSA
If you’re between the ages of 18 and 71 and looking to open a First Home Savings Account to set aside money for a down payment on your first home, these are some considerations to keep in mind.
You must be a current tax resident of Canada
You must be opening the account to save for a qualifying first home purchase in Canada
You did not live in a qualifying home that you owned or jointly owned in this calendar year or in the previous 4 calendar years
The difference between an FHSA and a TFSA
Your money is in good hands
With Questrade, you can rest assured that your money, your account and your personal information are protected.
We're regulated by CIRO and a CIPF member.
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Get answers to frequently asked questions
Yes, you can easily transfer your FHSA to Questrade. Just fill out a form and we’ll handle the rest – including covering transfer-in fees you may be charged, up to $150 per account. Terms and conditions apply.
The FHSA is a versatile account and can hold many assets including stocks, ETFs, options, mutual funds, bonds, precious metals, GICs, and cash.
We’re here to help you get started
Our account specialists are available to assist with any account-related questions you may have, and to help you get set up.
Reach us by phone
Toll-free Within Canada
1.888.298.4515From the U.S.
1.416.227.6615International
(001) 416.227.6615Phone hours
Monday-Friday, 8:30 AM to 8 PM EST
Email us
Send us an emailLearn more about FHSAs
The First Home Savings Account is the newest registered account offered to Canadians. If you want more information on how the account works, you’ll find the resources you need in our Learning Centre.
What is an FHSA?
From contributions to withdrawals and everything in between, get a comprehensive overview of everything you need to know about this account.
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Have questions about the new FHSA?
Get all the answers to the most frequently asked question about this groundbreaking new account.
Read article
Which account should I use to save for a down payment?
Learn about the key differences between FHSAs and an RRSP’s Home Buyers’ Plan.
Read article1 For a withdrawal to qualify, you must: be a first-time home buyer, have a written agreement to buy or build a qualifying home with the acquisition or construction completion date of the qualifying home before October 1 of the year following the date of the withdrawal, not have acquired the qualifying home more than 30 days before making the withdrawal, be a resident of Canada from the time that you make your first qualifying withdrawal from one of your FHSAs until the earlier of the acquisition of the qualifying home, or the date of your death, and you must occupy or intend to occupy the qualifying home as your principal place of residence within one year after buying or building it.
2 Exchange and ECN fees may apply. Only applies to Canadian and US listed ETFs.
For Questwealth SRI portfolios, as there is no universal Socially Responsible Investing (“SRI”) methodology, the selection of the underlying securities in the Questwealth SRI portfolios is based on inputs from various industry sources, including Environmental, Social, Governance, and SRI methodologies. Certain portions of the fixed income component of the Questwealth SRI portfolios may not be recognized by these methodologies as exclusively SRI investments.
3 Standard text messaging rates may apply.