Home Ownership Plans Infographic

Buying a first home is one of the biggest financial milestones for Canadians—and knowing which savings tools to use can make a meaningful difference. The Home Ownership Plans Infographic helps illustrate how different registered plans can work on their own, or together, to support your home ownership goals.

This easy-to-reference infographic compares Canada’s key savings options for first-time home buyers, including the First Home Savings Account (FHSA), Home Buyers’ Plan (HBP), RRSP, and TFSA, and shows how they can be coordinated as part of a smart, long-term strategy.

How the Home Ownership Plans Work Together

This Infographic highlights how newer and existing programs can now be combined:

  • The First Home Savings Account (FHSA) allows individuals to save up to $40,000 tax-free toward a down payment on their first home
  • The Home Buyers’ Plan (HBP) allows individuals to borrow up to $60,000 from their RRSP to help fund a home purchase
  • These programs can now work together, giving first-time buyers more flexibility and greater savings potential

By visually comparing these options, the infographic helps clarify how contributions, withdrawals, and tax treatment differ—and how they can be aligned with personal goals.

What’s Included in the Infographic

This infographic provides a clear overview of each registered plan, including:

  • Descriptions of FHSA, RRSP, TFSA, and the Home Buyers’ Plan
  • Current contribution limits and carryforward rules
  • How and when funds can be accessed for a home purchase
  • Taxation details, including deductions, tax-free growth, and withdrawals
  • Practical insights into how these plans can be combined effectively

The result is a simple, visual explanation of complex rules that can otherwise be difficult to navigate.

Why Use the Home Ownership Plans Infographic?

For financial professionals, the Home Ownership Plans Infographic is a valuable educational and planning tool. It helps:

  • Support conversations with first-time home buyers
  • Explain how registered plans interact
  • Reduce confusion around eligibility, limits, and taxation
  • Encourage proactive, goal-based saving

Clients benefit from a clear, trustworthy reference they can revisit as their home-buying plans evolve.

A Smart Guide for First-Time Home Buyers

Whether shared during planning meetings, included in educational materials, or used as a client takeaway, the infographic helps Canadians better understand their options—and make confident decisions on the path to home ownership.