RC725: Request to Make a Qualifying Withdrawal from your FHSA
Form RC725 is how you ask your financial institution to make a qualifying, tax-free withdrawal from your First Home Savings Account to buy or build a first home. Download the official PDF below and open it in Adobe Acrobat Reader to fill it in.
This is the genuine CRA PDF, unmodified. Source: CRA official page.
What is RC725?
A qualifying withdrawal from a First Home Savings Account lets you take money out tax free to buy or build a qualifying home, provided the conditions are met. RC725 is the request you complete and give to your FHSA issuer to make that withdrawal. On the form you certify the conditions, which include being a first time home buyer, being a resident of Canada, having a written agreement to buy or build a qualifying home, and intending to occupy it as your principal place of residence.
The form sets out the specific requirements and the date the agreement must be in place, so read the conditions on it carefully before you sign. This is a dynamic Adobe LiveCycle PDF that renders only in Adobe Acrobat Reader and will look blank in a browser. Download it, open it in Adobe Reader, complete it, and give it to the institution that holds your FHSA.
Who files RC725?
- FHSA holders buying or building their first home
- First time home buyers who are residents of Canada
- FHSA holders with a written agreement to buy or build a qualifying home
- FHSA holders who intend to occupy the home as their principal place of residence
How to fill out RC725
- Open the downloaded RC725 in Adobe Acrobat Reader, since the dynamic PDF will not fill in a browser.
- Enter your details and your FHSA account information.
- Read the qualifying withdrawal conditions on the form and confirm that you meet each one, including the written agreement to buy or build the home.
- Enter the details of the home and sign the certification.
- Give the completed RC725 to your financial institution, which processes the qualifying withdrawal from your FHSA.
Get RC725
This is a dynamic PDF from CRA: it only fills in correctly in Adobe Acrobat Reader, so there is no in-browser fill here. Download the genuine RC725 below and open it in the free Adobe Acrobat Reader to complete and save it.
Download the official RC725 PDFFrequently asked questions
What makes a withdrawal qualifying and tax free?
You have to meet the conditions on the form, which include being a first time home buyer, being a resident of Canada, having a written agreement to buy or build a qualifying home, and intending to occupy it as your principal place of residence. Meeting them lets the withdrawal be tax free.
Do I give RC725 to the CRA?
No. You give the completed form to the financial institution that holds your FHSA, and it makes the qualifying withdrawal. The conditions you certify on the form are what allow the withdrawal to be tax free.
Why does the form show a blank page?
RC725 is a dynamic Adobe LiveCycle form and only displays in Adobe Acrobat Reader. Download the file and open it in Adobe Reader rather than a browser or preview window.