Want to learn more about FHSA eligibility, contributions, withdrawals and more? We have you covered. Discover more about this new registered plan and learn if you’re eligible to start saving for your first home, tax-free.ⓘ
Once you open your CIBC Investment FHSA, you can hold various investments to help meet your home ownership goals including cash, CIBC Savings and CIBC Mutual Funds. All your investment income with be non-taxable while it’s in your plan.
You may be eligible to use the FHSA to save for your first home. You’ll need to be a Canadian resident for tax purposes with either a Social Insurance Number (SIN) or a temporary SIN. You also need to be considered a "first time homebuyer", which means that during the current or last 4 calendar years you haven't lived in a "qualifying home" that you owned or jointly owned.ⓘ