Cibc fhsa

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You're an eligible first-time homebuyer. Ready to start saving.

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ACCOUNTANT EXPLAINS New First Home Savings Account FHSA (starting April 1, 2023)
Diversify your portfolio and start saving for your first home, tax-free. The CIBC Investment FHSA provides a secure way to hold your FHSA contributions. The FHSA gives prospective first-time home buyers the ability to save up to $40, on a tax-free basis towards the purchase of a first home in Canada. Like a. The FHSA is a new registered plan designed to help Canadians break into the housing market and save for a qualifying first home.

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You must close your FHSA within 15 years of opening the account, or by the time you turn 71 years old, whichever is sooner. Easily make contributions by setting up a Regular Investment Plan Tell us how much and when and we'll automatically debit your bank account. Mortgage Advice.