Thankfully, yes. So long as you meet the withdrawal requirements for the Home Buyer’s Plan (HBP) and the FHSA, you can use the funds from each. Can I use the FHSA and the First-Time Home Buyer ...

There can be confusion between the FHSA and an RRSP feature known as the Home Buyers’ Plan (HBP). They have some similarities and many first-time home buyers will have cause to use both in combination ...

Can you use the FHSA and the Home Buyers’ Plan (HBP) together? Yes. When FHSA rules were first proposed, the federal government said it would not allow Canadians to withdraw from both the FHSA ...

Most advisors agree the FHSA has largely overtaken the HBP as the best way to save for a first home since no repayment is required. “If you withdraw from your RRSP through the HBP, you have to ...

The recently introduced first home savings account (FHSA) is primarily for an eligible home purchase. Through the Home Buyers’ Plan (HBP), you may also be able to withdraw from a registered ...

An FHSA is something that can help renters boost their savings if they’re struggling to afford homeownership, Knott says. With the HBP, you can withdraw up to $60,000 from your RRSPs to build or ...