See All FAQs Invest in an FHSA today Choose from the following options to open an account: FHSA I Can Trade InFHSA Built & Managed for Me Have Questions ? Call 1-800-769-2563 (1-800-ROYAL-63)orbook an appointmentwith an RBC Advisor....
Withdraw when you find your first home Once you’ve found the home for you and meet all the qualifying withdrawal conditions, withdraw your funds tax-free. Your FHSA can stay open for 15 years or until the end of the year you turn 71, or at the end of the year after your withdrawal...
Withdraw your money tax-free Let’s fast-forward to when you’re ready to buy a qualifying first home. You can take the money out of your FHSA — including your original contributions and any investment earnings — without paying any tax on it to purchase that qualifying first home. Can ...
For example, if you plan to withdraw your FHSA funds on December 1, 2023, you’ll need an agreement in place by October 1, 2024. Intend to use the home as your principal residence within one year of buying or building it. Non-qualifying FHSA withdrawals will be added to your taxable ...
2.How many times can I withdraw from and contribute to my TFSA?As many times as you like, as long as you are within your contribution room. But remember: when you withdraw from your TFSA, you don’t get that contribution room back until January 1 of the following calendar year. ...