Table 8
Number of tax filers contributing to First Home Savings Account, total value of contributions and median contribution amount, by age 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 25 years old | 94,890 | 523,905 | 8,000 |
| 25 to 34 years | 276,950 | 1,654,545 | 8,000 |
| 35 to 44 years | 83,530 | 523,580 | 8,000 |
| 45 to 54 years | 20,350 | 126,650 | 8,000 |
| 55 to 64 years | 7,120 | 47,410 | 8,000 |
| 65 years and over | 1,490 | 10,565 | 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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