Tax-advantaged accounts: TFSA, RRSP, FHSA
The three registered accounts most newcomers should know — tax-free growth, retirement savings, and the first-home account.
The three registered accounts most newcomers should know — tax-free growth, retirement savings, and the first-home account.
Key points to understand
TFSA: tax-free growth, annual contribution room
TFSA: tax-free growth, annual contribution room. In practice, this is one of the details newcomers most often ask about, so take a moment to understand how it applies to your situation before moving on.
RRSP: tax-deferred retirement savings, deducts from income
RRSP: tax-deferred retirement savings, deducts from income. In practice, this is one of the details newcomers most often ask about, so take a moment to understand how it applies to your situation before moving on.
FHSA: for a first home; contributions deduct + withdrawals tax-free
FHSA: for a first home; contributions deduct + withdrawals tax-free. In practice, this is one of the details newcomers most often ask about, so take a moment to understand how it applies to your situation before moving on.
Practical tips
- Prepare your documents and translations in advance — most delays come from missing paperwork.
- Always note the office name, address, and a contact number before you go.
- Ask the community on MyHAbroad if you’re unsure — chances are someone has already been through it.
Always verify with official sources before acting on the information above.
MyHAbroad is an independent app and is not affiliated with, endorsed by, or representing any government or public authority. Content is general information only — not legal, tax, medical, or financial advice. Always confirm details with the official sources above before acting.