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Save for home ownership with CIBC Savings
Get tax benefits
Your FHSA contributions may reduce your taxable income. You can contribute up to $8,000 annually and up to $40,000 over your lifetime.ⓘ
Access your money any time
Easily move your savings into other investments such as GICs or mutual funds. Withdraw your money tax-free when you use your FHSA towards the purchase of a qualifying home.ⓘ
Grow your savings tax-free
Interest is calculated on your full daily closing balance and is paid monthly. Maximize your contributions when you set up automatic deposits.
Your CIBC Savings questions answered
CIBC is a member of Canada Deposit Insurance Corporation (CDIC). CIBC Savings is eligible for CDIC coverage.