CRA finds that the FHSA withdrawal rules could apply where a qualifying home is gifted by notarized deed to the FHSA holder

Para. (c) of s. 146.6(1) – “qualifying withdrawal” in the FHSA rules requires that the acquisition of the qualifying home be provided for in an "agreement in writing."

CRA found that this “agreement in writing” requirement was satisfied where the FHSA holder received a gift of a qualifying home from her mother pursuant to a Quebec notarized deed of gift that was signed by both parties – so that the donee could make a timely qualifying withdrawal from her FHSA even though there was no purchase price for her to fund.

Perhaps the same thing could be accomplished in a common law province if the donor and FHSA holder entered into a "gift agreement" pursuant to which the donor conveyed the home as a gift and the FHSA holder agreed to accept the gift.

Neal Armstrong. Summary of 9 October 2025 APFF Financial Planning Roundtable, Q.12 under s. 146.6(1) - “qualifying withdrawal” – para. (c).