Buying a first home is a major financial milestone for many Canadians. Understanding which savings tools to use—and how they work together—can make a meaningful difference when planning for a down payment. The Compare Home Ownership Plans infographic provides a clear visual overview of the registered accounts that can help support the journey to home ownership.

Newer programs can complement existing ones to help Canadians build their down payment more efficiently.

How Home Ownership Plans Can Work Together

The First Home Savings Account (FHSA) allows individuals to contribute up to $40,000 toward their first home, with tax-deductible contributions and tax-free withdrawals when used for a qualifying purchase.

The Home Buyers’ Plan (HBP) allows individuals to withdraw up to $60,000 from their RRSP to help finance a home purchase.

When used together, these programs can offer first-time buyers additional flexibility and greater savings potential. The infographic visually compares contribution rules, withdrawal options, and tax treatment to help clarify how each plan fits into a home-buying strategy.

What the Infographic Covers

The Home Ownership Plans Infographic provides a straightforward overview of each registered plan, including:

• Key features of the FHSA, RRSP, TFSA, and Home Buyers’ Plan
• Current contribution limits and carryforward rules
• When and how funds can be accessed for a home purchase
• Tax considerations, including deductions, tax-free growth, and withdrawals
• Examples of how the plans may be used together in a coordinated strategy

By presenting this information visually, the infographic helps simplify complex rules that can otherwise be difficult to navigate.

Helping Canadians Plan for Their First Home

Whether used in client meetings, shared as an educational resource, or included in planning materials, the Home Ownership Plans Infographic helps Canadians better understand their options and feel more confident as they work toward home ownership.

Communicate Complex Concepts
Financial infographics are powerful tools for transforming complex data and information into a clear, visually engaging story. By presenting insights through visuals, clients and prospects can quickly grasp key concepts, making the content more memorable and impactful.

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Infographics are personalized with the advisor name, contact information and company logo.