First Home Savings Account (FHSA)
首次購屋儲蓄賬戶 (FHSA) is a registered savings account designed to help Canadians save for the purchase of their first home. Available now at BMO，的 FHSA is a new savings vehicle in Canada for first time home buyers and can hold various investment types to help you grow your money tax-free.
Invest in your FHSA up to the annual limit and watch it grow, tax-free- You can fill your FHSA with various investments, such as stocks, bonds, 交易所買賣基金, mutual funds and 擔保投資存款證
- Make a tax-free withdrawal when you’re ready to purchase your first home
投資組合內持有的 FHSA is now available at BMO
Connect with a BMO Investment professional to learn more about the FHSA. Prefer direct investing? You can now open a FHSA account through BMO InvestorLine's Self-Directed or adviceDirect platforms.
Why invest in FHSA?
Save for your first home
With a $40,000 lifetime contribution limit over a maximum span of 15 years and a tax-free withdrawal for a single property purchase, the FHSA was designed to provide first-time homebuyers with a savings account geared towards buying a home. You can carry forward unused contribution room for as long as you have the account.
可靈活運用的賬戶
With a FHSA, you won’t pay tax on any growth on investments while it’s in your account and you have the flexibility to transfer your FHSA funds to an 註冊退休儲蓄計劃（RRSP） 或 RRIF賬戶。
最適當的投資組合
You can grow your FHSA with a mix of BMO Guaranteed Investment Certificates (GICs), and BMO Mutual Funds. Customize your portfolio to suit your risk tolerance and investing horizon. Get started by setting up a Continuous Savings Plan (CSP) and paying yourself first to take advantage of compound savings growth.
FHSA by the Numbers
$8,000:
FHSA annual contribution limit.
$40,000:
您的終身供款上限。
15年:
The maximum lifespan of your FHSA 賬戶。
Investments you can hold in your FHSA 賬戶
We have a comprehensive selection of professionally managed mutual funds that can be a great fit in your account. 根據您的目標及您可接受的風險承受度設計投資組合。
投資方式：
- With a BMO 專業人士
- Online with BMO 自管投資和理財通（adviceDirect）
擔保投資存款證保障您的最初投資，以便您在設定的投資期限到期時，可取回該筆投資資金。 Plus, you can count on a guaranteed rate of return, depending on the GIC you pick.
專家提示： 市場掛鉤 GICs offer higher return potential than traditional Guaranteed Investment Certificates.
投資方式：
- With a BMO 專業人士
- Online with BMO 自管投資和理財通（adviceDirect）
FHSA Savings offers you both security and liquidity. It offers you a competitive interest rate and gives you the convenience of withdrawing the cash at a suitable time in the future to meet your first home buying goal or other emergencies.
投資方式：- In-person or over the phone with a BMO investment professional
- Online with BMO 自管投資和理財通（adviceDirect）
股票，也稱為股權，是一家公司所有權的股份。這些投資讓您的資金隨著公司增長而增長 - 無論是透過股價上漲，或是像股息的這類股份收益。
投資方式：
- Online with BMO 自管投資和理財通（adviceDirect）
債券屬於固定收入投資，這表示會定期向投資人支付既定利息，讓投資人在投資時可預知回報。
投資方式：
- With a BMO 專業人士
- Online with BMO 自管投資和理財通（adviceDirect）
交易所買賣基金像股票一樣，可在金融市場進行交易。交易所買賣基金s are made up of several assets, similar to a mutual fund– making them a diverse investment option.
投資方式：
- With a BMO 專業人士
- Online with BMO Self-Directed, adviceDirect and SmartFolio
Learn more about investing in FHSA with BMO
Compare: FHSA vs TFSA vs 註冊退休儲蓄計劃（RRSP）
Learn about the key differences between FHSAs, TFSAs and 註冊退休儲蓄計劃（RRSP）s.
What is a tax-free First Home Savings 賬戶?
Learn more about the new tax-free First Home Savings Account and how it can help you achieve your dream of owning your first home.
Understanding TFSAs: The 基本知識
A TFSA is a great investing option for Canadians of all walks of life – and unlike an 註冊退休儲蓄計劃（RRSP）, it has no cut-off age.
FHSA 常見問題s
一般問題
FHSA is a tax-free account designed to help you save for a qualifying first home purchase with tax-deductible contributions (up to applicable limits). Visit a BMO 分行 or call 1-877-225-5266 for help opening an FHSA and for personalized investment guidance for your goals. One affordable and convenient way to save in an FHSA is with a 持續儲蓄計劃（CSP）。
A CSP lets you put your savings on autopilot with automatic contributions from your bank account into mutual funds on a schedule that suits you. This can help you grow your investments faster through compound returns while smoothing out market volatility through dollar-cost averaging. It also helps ensure you never have to scramble to invest by the FHSA contribution deadline.Yes. The FHSA is a registered plan introduced by the Government of Canada in 2023 that is available at BMO to savers and investors seeking to own their first home.
You can contribute $8,000 annually up to a maximum lifetime contribution amount of $40,000. You can also carry forward up to $8,000 in unused annual contribution room to future years so that the max contribution you can make in a single year is $16,000 ($8,000 from the previous year plus $8,000 from the current year).
No, if you and/or your spouse or common-law partner own a home in which you lived as your principal residence at any time during the current year or the preceding four calendar years, you are not eligible to open an FHSA.
While both account types help Canadians save tax-free for their goals, there are some important differences to be aware of. Some of the main differences include:
- How you can use the money you save: With an FHSA account, your withdrawals are only tax-free if used for a qualifying first-home purchase. On the other hand, you can withdraw tax-free from your TFSA for any reason.
- Tax-deductibility: Unlike with a TFSA account, contributions to your FHSA account are deductible on your income taxes.
- Contribution rules: With an FHSA account, you can contribute up to $8,000 per year, and unused contribution room up to $8,000 is carried forward to the following year. You only start to accumulate this contribution room in the year you first open an FHSA. On the other hand, with a TFSA, you automatically begin to accumulate contribution room from the time you turn 18 as a Canadian resident, even if you haven’t opened one up, and your contribution room is carried forward each year, with no lifetime maximum.
- Age requirements: An FHSA must be closed after 15 years or by the end of the year the accountholder turns 71. A TFSA has no age limit and can be held throughout the accountholder’s life.
Yes. Canadians may take advantage of both the FHSA 以及 註冊退休儲蓄計劃（RRSP） Home Buyers’ Plan for the same home purchase.
Opening an FHSA
It’s quick and easy to open an FHSA您只需要： 預約會面時間 with a BMO investment professional, 親自前往當地的BMO 滿地可銀行分行 or call 1-877-225-5266 to get started with personalized advice to help you get closer to your big move.
The First Home Savings Account (FHSA) is now available through BMO InvestorLine.
A resident of Canada and at least 18 years of age who is a first-time home buyer, meaning that they have not owned a home in which they lived at any time during the current year or at any time in the preceding four calendar years.
Yes, you can transfer an 註冊退休儲蓄計劃（RRSP） to an FHSA on a tax-free basis, subject to FHSA 供款限額
Yes. The FHSA is designed to help Canadians save tax-free for a down payment on a qualifying first home. Money can also be withdrawn from an FHSA for any other reason but will be subject to withholding taxes.
FHSA 投資類別
A BMO FHSA can hold cash, GICs, and mutual funds. Each of these has its own advantages. Cash provides an important source of liquidity in your portfolio, providing an immediate source of money that doesn't fluctuate with the markets. GICs are important to investors seeking principal protection, often accompanied by a known, guaranteed interest rate. Mutual funds provide access to professional, active portfolio management with the potential for higher returns.
Visit a local BMO branch or call 1-877-225-5266 for personalized advice on the right investments for your FHSA.
No. It’s not possible to directly transfer your TFSA to an FHSA. You first have to withdraw the money from your TFSA and then contribute it to your FHSA. It’s also important to be aware of how the TFSA withdrawal may affect your available TFSA contribution room.
Yes. A BMO FHSA account can hold a variety of GICs including cashable, non-cashable, as well as market-linked GICs with higher return potential linked to stock markets. Whether you're looking to make a down-payment on your new home in the very near term of years down the road, there is a BMO GIC to suit your needs and goals.
FHSA is a registered account type to help Canadians save tax-free for their first home with tax-deductible contributions (up to applicable limits). 投資組合內持有的 註冊退休儲蓄計劃（RRSP） 房屋購買計劃 (HBP) is not an account type, but is a feature of an 註冊退休儲蓄計劃（RRSP） allowing you to withdraw up to $35,000 from your 註冊退休儲蓄計劃（RRSP） to buy or build a qualifying home for yourself or a specific disabled person. HBP withdrawal is not subject to tax at the time it is withdrawn, but the withdrawn amount must be repaid into your 註冊退休儲蓄計劃（RRSP） within 15 years.
- 註腳劍號詳情Terms and conditions apply
- Footnote double dagger details Interest is calculated on your daily closing balance and paid monthly. Interest rates are per annum and are subject to change.
- 腳註1詳情 Contributions made to your FHSA may be deductible on your income tax and benefit return. Maximum contribution limits apply.
- 腳註2詳情 Includes interest, dividends, and capital gains. Speak to your tax advisor for details
- 腳註3詳情 If you withdraw from your FHSA for a purpose other than purchasing a home, any amounts withdrawn are taxable, added to your income taxes, and subject to withholding tax.
- This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial advisor and/or tax information applicable to their specific situation.
- All investments, including these, are subject to risk, including the possible loss of principal.
- Investment professional refers to Personal Bankers, Financial Planners, Investment and Retirement Planning and Investment Specialists that are representatives of BMO Investments Inc.
- BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal. BMO Mutual Funds are not insured by the 加拿大存款保險公司（CDIC）。
- 互惠基金投資可能衍生佣金、尾隨佣金（如適用）、管理費及相關支出等費用。請參閱 交易所買賣基金 facts, fund facts or prospectus of the relevant mutual fund before investing. 互惠基金的收益並無保證，其價值會經常變動，過往的業績績效可能不會重現。
- For a summary of the risks of an investment in the BMO Mutual Funds, please see the specific risks set out in the prospectus. 交易所買賣基金 Series of the BMO Mutual Funds trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. 收入分配並無保證，而且可能隨時會變更和/或取消。