First home savings account (FHSA) administration
For financial institutions on how to administer a first home savings account (FHSA).
If you are a prospective first-time home buyer, you can find more information at First Home Savings Account (FHSA).
Services and information
FHSA application package
How to create or amend an FHSA application package, or close a specimen plan
Register a qualifying arrangement as an FHSA
How a qualifying arrangement becomes an FHSA
Transfers between FHSA specimens
How to handle bulk transfers between FHSA specimens
T4FHSA annual information return
How to file the information return, what to report, transfer between specimen plans, change to a contract number
Penalties and interest for FHSA
Penalties for late information return filing, not filing electronically, missing information, requests to cancel or waive penalties or interest
Filling out the T4FHSA slip
How to fill out the T4FHSA slip
After you file your T4FHSA annual information return
How to amend, cancel or file additional T4FHSA individual records
Rejected T4FHSA individual records or annual information returns
How to retrieve and resubmit rejected T4FHSA individual records
After the death of an FHSA holder
How to report after the death of an FHSA holder
Tax implications for FHSAs
Tax implications on excess FHSA amounts, non-qualified investments, prohibited investments and an advantage