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A great reason to reconnect on HBP and FHSA planning

A great reason to reconnect on HBP and FHSA planning


If you’re already talking to clients about buying their first home, there is a simple way to make those conversations more relevant and drive meaningful business this summer. 


The Government of Canada is extending the Home Buyers’ Plan (HBP) grace period by three years. For withdrawals made between 2026 and 2028, clients will not need to start repayments until five years after their first withdrawal.1 


That is an easy, relatable way to start a conversation: 

“This gives you more flexibility right after you buy when expenses are often at their peak.” 

 

From there, it naturally opens the door to broader First Home Savings Account (FHSA) planning. As clients save for their first home, it is not just about growth, it is about helping them stay confident and invested along the way. Equitable Guaranteed Investment Funds can support that goal, with features like maturity and death benefit guarantees that can help during market volatility. And there is a timely reason to act.  

From May 1 to August 31, 2026, certain FHSA actions — opening an account and every contribution— earns an entry into Equitable’s Grow Your Way Home contest. Supporting clients is simple with EZcomplete® and EZtransact®. 

 

Why this matters for you and clients 

This HBP adjustment is more than an update; it’s a built-in opportunity to: 

  • Reconnect with clients who are early in their wealth journey 

  • Spark new homeownership conversations with simple, relevant entry points 

  • Discuss FHSA contributions and ongoing savings 

  • Deepen relationships by supporting a major life milestone 

 

Speak to your Director, Investment Sales for more information and help guide clients through FHSA benefits, contribution strategies and simple ways to automate their savings throughout the summer. Together, you can help them move confidently toward their first home purchase.  

 

1 canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan/repay-funds-withdrawn-rrsp-s-under-home-buyers-plan.html 

® and ™ denote trademarks of The Equitable Life Insurance Company of Canada.   

 

Equitable’s Grow Your Way Home contest: No purchase necessary. Contest period is May 1, 2026 to August 31, 2026. Enter by: opening an Equitable FHSA during the Contest Period; making a deposit to your Equitable FHSA during the Contest Period; or submitting a no-purchase entry. Two prizes of $8,000 each to be drawn on September 21, 2026 will be awarded to clients. The servicing advisor for the contract to which the selected entrant made the deposit is also an eligible winner and will receive a $1,000 prize. Open to legal residents of Canada of the age of majority. Odds of winning depend on number of eligible entries received during the Contest Period. For full contest rules, including no-purchase method of entry, see the full contest rules.