Access Your First Home

Maximize your options with the HBP, FHSA, and 30-Year Amortization

Buying a home is a major life milestone—especially for first-time buyers. Fortunately, proven solutions such as the Home Buyers’ Plan (HBP), the First Home Savings Account (FHSA), and extended amortization can make homeownership more accessible while optimizing your finances.

What is the HBP (Home Buyers’ Plan)?

  • The HBP allows you to withdraw up to $60,000 from your RRSP to help finance your first home without paying immediate taxes.
  • Use your own savings as a down payment.
  • Repay the withdrawn amount gradually over 15 years.
  • Reduce your mortgage cost right from the start.
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What is the FHSA (First Home Savings Account)?

The FHSA combines the advantages of an RRSP and a TFSA:

  • Contributions are tax-deductible.
  • Eligible withdrawals for a home purchase are tax-free.

     

You can save up to $40,000 tax-sheltered for your first home.

30-Year Amortization

An extended amortization of up to 30 years can lower your monthly payments and give you more financial flexibility:

  • Reduce your mortgage installments.
  • Qualify for a home better suited to your needs.
  • Maintain long-term financial security.

Benefits for First-Time Buyers

  • Leverage your personal savings with the RRSP and FHSA.
  • Lighten your financing load with extended amortization.
  • Maintain financial stability while becoming a homeowner.
  • Build wealth by investing in your principal residence.

Why Work With Us?

Our mortgage experts guide you in making the most of the HBP and FHSA while helping you choose the best amortization options. We’re here to ensure your first home purchase is simple, strategic, and beneficial.

Speak to an Advisor About Your First Home Purchase