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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).

How to create or amend an FHSA application package, or close a specimen plan

How a qualifying arrangement becomes an FHSA

How to file the information return, what to report, transfer between specimen plans, change to a contract number

Penalties for late information return filing, not filing electronically, missing information, requests to cancel or waive penalties or interest

How to fill out the T4FHSA slip

How to amend, cancel or file additional T4FHSA individual records

How to retrieve and resubmit rejected T4FHSA individual records

How to report after the death of an FHSA holder

Tax implications on excess FHSA amounts, non-qualified investments, prohibited investments and an advantage