Exploring Halal First Home Savings Accounts (FHSAs)
Purchasing your first home is an exciting milestone. A Halal FHSA is designed to help you save for your first home, tax-free and help you reach your vision of owning a home faster. Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
Exploring Halal First Home Savings Accounts (FHSAs)
Purchasing your first home is an exciting milestone. A Halal FHSA is designed to help you save for your first home, tax-free and help you reach your vision of owning a home faster. Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
Exploring Halal First Home Savings Accounts (FHSAs)
Purchasing your first home is an exciting milestone. A Halal FHSA is designed to help you save for your first home, tax-free and help you reach your vision of owning a home faster. Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
What is a FHSA?
A First Home Savings Account (FHSA) is a registered savings account that helps Canadians save for their first home purchase. It combines the benefits of a TFSA and an RRSP to offer tax-deductible contributions and tax-free withdrawals (up to a certain amount) for qualifying home purchases.
What is a FHSA?
A First Home Savings Account (FHSA) is a registered savings account that helps Canadians save for their first home purchase. It combines the benefits of a TFSA and an RRSP to offer tax-deductible contributions and tax-free withdrawals (up to a certain amount) for qualifying home purchases.
What is a FHSA?
A First Home Savings Account (FHSA) is a registered savings account that helps Canadians save for their first home purchase. It combines the benefits of a TFSA and an RRSP to offer tax-deductible contributions and tax-free withdrawals (up to a certain amount) for qualifying home purchases.
What makes a FHSA Halal?
A FHSA is just an account with some tax rules around it. It is how the money that is deposited into this account that gets invested that will make it Halal or not. The focus should not be on the account type but on the underlying investments. As long as the cash is being used to buy Shariah-compliant investments such as the OneVest Halal Portfolios then your investment is Halal.
What makes a FHSA Halal?
A FHSA is just an account with some tax rules around it. It is how the money that is deposited into this account that gets invested that will make it Halal or not. The focus should not be on the account type but on the underlying investments. As long as the cash is being used to buy Shariah-compliant investments such as the OneVest Halal Portfolios then your investment is Halal.
What makes a FHSA Halal?
A FHSA is just an account with some tax rules around it. It is how the money that is deposited into this account that gets invested that will make it Halal or not. The focus should not be on the account type but on the underlying investments. As long as the cash is being used to buy Shariah-compliant investments such as the OneVest Halal Portfolios then your investment is Halal.
Halal certified FHSAs
Investment fund and portfolio management services are provided by OneVest. All portfolio holdings and performance data are sourced from OneVest. These Shariah compliance certificates issued by Manzil's Shariah Supervisory Board ensure that Manzil's Invest Portfolios, products and services comply with the Shariah standards set by AAOIFI.
Halal certified FHSAs
Investment fund and portfolio management services are provided by OneVest. All portfolio holdings and performance data are sourced from OneVest. These Shariah compliance certificates issued by Manzil's Shariah Supervisory Board ensure that Manzil's Invest Portfolios, products and services comply with the Shariah standards set by AAOIFI.
Halal certified FHSAs
Investment fund and portfolio management services are provided by OneVest. All portfolio holdings and performance data are sourced from OneVest. These Shariah compliance certificates issued by Manzil's Shariah Supervisory Board ensure that Manzil's Invest Portfolios, products and services comply with the Shariah standards set by AAOIFI.
Benefits of a FHSA
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
01
Prepare for the unknown
The money you put in your FHSA gets invested into the OneVest Halal Portfolios. This means your money is not just being invested, but you can both sleep peacefully at night knowing it’s invested through Halal means.
02
Facilitates Home Ownership
The FHSA is specifically designed to help Canadians save for their first home with possible income tax deductions for eligible FHSA contributions. Meaning you can potentially save for your down payment much sooner.
03
Tax Benefits
The FHSA is similar to the TFSA in the sense that the gains on your investment are tax-free (up to a certain amount). It is also similar to the RRSP since the FHSA reduces your taxable income because you can claim tax deductions for eligible FHSA contributions (up to a certain amount). These combined savings is what makes the FHSA account so appealing.
Benefits of a FHSA
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
01
Prepare for the unknown
The money you put in your FHSA gets invested into the OneVest Halal Portfolios. This means your money is not just being invested, but you can both sleep peacefully at night knowing it’s invested through Halal means.
02
Facilitates Home Ownership
The FHSA is specifically designed to help Canadians save for their first home with possible income tax deductions for eligible FHSA contributions. Meaning you can potentially save for your down payment much sooner.
03
Tax Benefits
The FHSA is similar to the TFSA in the sense that the gains on your investment are tax-free (up to a certain amount). It is also similar to the RRSP since the FHSA reduces your taxable income because you can claim tax deductions for eligible FHSA contributions (up to a certain amount). These combined savings is what makes the FHSA account so appealing.
Benefits of a FHSA
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
01
Prepare for the unknown
The money you put in your FHSA gets invested into the OneVest Halal Portfolios. This means your money is not just being invested, but you can both sleep peacefully at night knowing it’s invested through Halal means.
02
Facilitates Home Ownership
The FHSA is specifically designed to help Canadians save for their first home with possible income tax deductions for eligible FHSA contributions. Meaning you can potentially save for your down payment much sooner.
03
Tax Benefits
The FHSA is similar to the TFSA in the sense that the gains on your investment are tax-free (up to a certain amount). It is also similar to the RRSP since the FHSA reduces your taxable income because you can claim tax deductions for eligible FHSA contributions (up to a certain amount). These combined savings is what makes the FHSA account so appealing.
Features & Benefits
The FHSA is a registered plan that combines some of the features of an RRSP and a TFSA to help save towards your first home!
Who’s eligible to open an account?
FHSA
Canadians residents between 18-71 of age with a valid SIN number and are considered first-time home buyers
RRSP (Home Buyers Plan)
Canadians residents between 18-71 of age with a valid SIN number and are considered first-time home buyers
How does this help me buy a house?
Will I get a tax deduction on eligible contributions?
What are the withdrawal rules?
Annual Contribution rules
Lifetime Contribution rules
Features & Benefits
The FHSA is a registered plan that combines some of the features of an RRSP and a TFSA to help save towards your first home!
Who’s eligible to open an account?
FHSA
Canadians residents between 18-71 of age with a valid SIN number and are considered first-time home buyers
RRSP (Home Buyers Plan)
Canadians residents between 18-71 of age with a valid SIN number and are considered first-time home buyers
How does this help me buy a house?
Will I get a tax deduction on eligible contributions?
What are the withdrawal rules?
Annual Contribution rules
Lifetime Contribution rules
Features & Benefits
The FHSA is a registered plan that combines some of the features of an RRSP and a TFSA to help save towards your first home!
Who’s eligible to open an account?
FHSA
Canadians residents between 18-71 of age with a valid SIN number and are considered first-time home buyers
RRSP (Home Buyers Plan)
Canadians residents between 18-71 of age with a valid SIN number and are considered first-time home buyers
How does this help me buy a house?
Will I get a tax deduction on eligible contributions?
What are the withdrawal rules?
Annual Contribution rules
Lifetime Contribution rules
Ready to Open Your Halal FHSA with OneVest?
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
Ready to Open Your Halal FHSA with OneVest?
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
Ready to Open Your Halal FHSA with OneVest?
Manzil Invest - Investment fund and portfolio management services are provided by OneVest.*
So much more than Manzil Invest
Homes
Learn more about Halal home financing.
Wills
Make an Islamic Will and Testament in Canada
Realty
Whether you’re buying or selling a home, we got you.
So much more than Manzil Invest
Homes
Learn more about Halal home financing.
Wills
Make an Islamic Will and Testament in Canada
Realty
Whether you’re buying or selling a home, we got you.
So much more than Manzil Invest
Homes
Learn more about Halal home financing.
Wills
Make an Islamic Will and Testament in Canada
Realty
Whether you’re buying or selling a home, we got you.
Disclaimers:
*Manzil Invest is a strategic partner of OneVest Management Inc. (“OneVest”) OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. OneVest will determine what investments are suitable for you.
** This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
*** Your capital is at risk with any type of investment. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
Disclaimers:
*Manzil Invest is a strategic partner of OneVest Management Inc. (“OneVest”) OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. OneVest will determine what investments are suitable for you.
** This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
*** Your capital is at risk with any type of investment. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
Disclaimers:
*Manzil Invest is a strategic partner of OneVest Management Inc. (“OneVest”) OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. OneVest will determine what investments are suitable for you.
** This website is to be used for information purposes only and is not intended to provide any financial, legal, accounting, or tax advice. No securities regulatory authority has assessed the merits of these securities or the information contained on this website.
*** Your capital is at risk with any type of investment. The value of your portfolio can increase or decrease. Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
Your life’s dreams and goals aligned with your beliefs and values
Associate member
Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417,
Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.
© 2025 All rights reserved. Manzil is a registered trademark
Terms & Conditions | Privacy Policy
Your life’s dreams and goals aligned with your beliefs and values
Associate member
Manzil Mortgage Services Inc. holds the following licenses: Ontario # 13411, British Colombia # MB601417,
Saskatchewan # 512027, Nova Scotia # 2022-3000552, and Alberta.
© 2025 All rights reserved. Manzil is a registered trademark
Terms & Conditions | Privacy Policy
Your life’s dreams and goals aligned with your beliefs and values
Associate member