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Olympia Trust Company
FAQs
First Home Savings Account (FHSA)
First Home Savings Account (FHSA)
Learn more about the First Home Savings Account.
What is an FHSA?
Who can open an FHSA?
What is the Annual Administration Fee for a FHSA?
How does an FHSA work?
How do I make a contribution to my FHSA?
When are contributions tax deductible?
Can I transfer funds from my RRSP to an FHSA?
What is a qualifying withdrawal?
Do I have to repay withdrawn amounts to my FHSA?
Can I use the FHSA and Home Buyers’ Plan at the same time?
Can I withdraw funds if I’m not purchasing a home?
How long can my FHSA stay open?
How do I close my FHSA?
When will I receive my FHSA tax documents?
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