Canadians can save for a home tax-free using the First Home Savings Account (FHSA). Prospective first-time home buyers can contribute or transfer from their RRSP up to $40,000 towards buying or building their first home.

Employees of the Canada Revenue Agency (CRA) are working hard to answer questions you may have about your tax affairs. We want to help you file your income tax and benefit return and ensure you receive the benefits and credits you’re entitled to.

To help you, these are answers to the top questions we’re asked at tax time. You can also check out our questions and answers about filing your taxes page for more answers to common questions.