Table 7
Number of tax filers contributing to First Home Savings Account, total value of contributions and median contribution amount, by income group of tax filers, Canada, 2023
| FHSA contributors | Total FHSA contributions | Median FHSA contributions | |
|---|---|---|---|
| number | thousands of dollars | dollars | |
| All tax filers | 484,320 | 2,886,650 | 8,000 |
| Less than $20,000 | 31,470 | 125,920 | 3,000 |
| $20,000 to $39,999 | 61,150 | 287,170 | 5,380 |
| $40,000 to $59,999 | 94,130 | 539,175 | 8,000 |
| $60,000 to $79,999 | 105,490 | 630,200 | 8,000 |
| $80,000 and over | 192,080 | 1,304,180 | 8,000 |
Note(s):
FHSA = First Home Savings Account.
Source(s):
Income and Financial Data of Individuals, Preliminary T1 Family File (4106), custom tabulation.
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