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Group FHSA | Powering financial wellbeing

Group Savings and Retirement January 22, 2026
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In 2024, nearly one third of young adults under 35 years of age had to review their plans to purchase a property due to rising prices and interest rates1. This shows just how much the current economic climate is undermining the dream of home ownership, especially for Millennials and Generation Z.

The group First Home Savings Account (FHSA) is a concrete solution to help make that dream a reality:

  • Annual contributions of up to $8,000 per year, lifetime maximum of $40,000
  • Tax-free withdrawals for the purchase of a qualifying home
  • No repayment obligation, unlike the Home Buyers' Plan (HBP)

 

One year of commitment

The first anniversary of our group FHSA, which we launched last year, marks an important milestone: a clear commitment to the financial wellbeing of plan members. Integrating the group FHSA into a global compensation strategy means offering employees:

  • The possibility of building up a downpayment and benefiting from immediate tax savings thanks to payroll deductions
  • Access to the same investment options and management fees as those available in the other registered plans offered by the plan sponsor
  • Digital tools to easily track their savings

With rising prices and interest rates making the dream of home ownership more fragile, the group FHSA can help plan members make it a reality.

Learn more about the group FHSA.

 

We help you get ahead by offering your clients innovative solutions focused on total wellbeing that meet their constantly evolving needs.

We combine our expertise with yours to create a simplified, personal client experience that puts listening, trust and technology at the heart of everything we do. 

 

1 Statistics Canada: Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures?

 

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