Canada Revenue Agency (CRA) Edition RC725 E (25) 3 pages

Form RC725 — Request to Make a Qualifying Withdrawal from your FHSA

The form you give your FHSA issuer to take money out of your first home savings account, tax-free, to buy or build your first home.

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Form RC725 · Request to Make a Qualifying Withdrawal from your FHSA
The official Canada Revenue Agency (CRA) form, edition RC725 E (25) — blank
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Form RC725 (2025) Request to Make a Qualifying Withdrawal from your FHSA — page 1 of 3
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Form RC725 (2025) Request to Make a Qualifying Withdrawal from your FHSA — page 2 of 3
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Form RC725 (2025) Request to Make a Qualifying Withdrawal from your FHSA — page 3 of 3
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Fill this form online Blank PDF from Canada Revenue Agency (CRA)

What is Form RC725?

Form RC725 is the Canada Revenue Agency (CRA) form for a qualifying withdrawal from your first home savings account (FHSA). Part A is a seven-question checklist: residency, first-time home buyer status, a written agreement to buy or build a qualifying home, the October 1 deadline, how long you've owned the home, and whether you'll live in it. The current edition is RC725 E (25).

If every answer lets you go on, Part B gives your details, the home's address, the FHSA, the amount and the date you need it, and your signed certification. Your FHSA issuer then completes Part C. You fill out one form for each withdrawal, and once a qualifying withdrawal is made it can't be cancelled. You can also use the Home Buyers' Plan for the same home if you meet its conditions.

FileIt asks Part A's questions in plain language and stops you at the first answer that rules the withdrawal out, then fills Part B into the CRA's official PDF, postal code comb and all. The completed form is saved in the person's vault folder next to the purchase agreement. FileIt never sends it to your FHSA issuer.

Who fills it
The FHSA holder (Parts A and B); the FHSA issuer (Part C)
Given to
Your FHSA issuer, not the CRA
One form per
Qualifying withdrawal
Can it be undone?
No: a qualifying withdrawal can't be cancelled
Signatures
The holder signs Part B
Edition
RC725 E (25)

Who needs to fill out Form RC725?

  • First-time home buyers who saved in an FHSA and are ready to buy or build a qualifying home in Canada.
  • FHSA holders making a second or later qualifying withdrawal for the same home: each one needs its own form.
  • Buyers also using the Home Buyers' Plan, since the two can be used for the same home.

When to use Form RC725

  • Once you have a written agreement to buy or build the home that says you'll acquire it before October 1 of the year after your first qualifying withdrawal.
  • Before you've owned the home for more than 30 days.
  • While you're a resident of Canada and will stay one until you acquire the home.

What you need before you start

  • Your written agreement of purchase and sale, with the date it was signed, the home's address and the closing date.
  • Your name, social insurance number (SIN) and telephone number.
  • The qualifying home's address, city, province or territory and postal code.
  • Your FHSA issuer, the contract or account number, the amount you want and the date you need it.
  • The dates of any home you owned and lived in from January 1 of the fourth year before the withdrawal.

What’s on Form RC725

The 2025 edition has 3 pages. FileIt asks for it in 3 parts, and it is signed by Fhsa holder and Fhsa issuer:

  1. Part A – Can you make a qualifying withdrawal?Fhsa holder
  2. Part B – Your qualifying withdrawalFhsa holder
  3. Part C – To be filled out by the FHSA issuerFhsa issuer

How to fill out Form RC725, step by step

1 Part A, questions 1 and 2 – Residency

You must be a resident of Canada now and remain one until you acquire the qualifying home.

2 Part A, question 3 – First-time home buyer

From January 1 of the fourth year before the withdrawal until 31 days before it, did you own or jointly own a home, in Canada or abroad, that you lived in as your principal residence? A yes means you're not a first-time home buyer for this purpose and can't make the withdrawal.

3 Part A, questions 4 to 7 – The home

You need a written agreement to buy or build a qualifying home that says you'll acquire it before October 1 of the year after your first qualifying withdrawal. You can't have owned the home for more than 30 days before the request, and you must intend to live in it as your principal residence within a year of buying or building it.

4 Part B – Your withdrawal

Your name, SIN, the qualifying home's full address and postal code, your FHSA issuer, the contract or account number, the amount and the date you need it. Then sign the certification, date it and give your telephone number.

5 Part C – FHSA issuer

The issuer records its name, the amount and date paid, and the year of the T4FHSA slip, then signs. An issuer using FileIt can fill it as an optional part.

Common mistakes to avoid

  • Answering question 3 with only the last year in mind; the window starts January 1 of the fourth year before the withdrawal.
  • Waiting more than 30 days after taking ownership of the home.
  • Having an agreement that doesn't set acquisition before October 1 of the following year.
  • Re-contributing the withdrawal expecting to cancel it; it counts as a new contribution and isn't deductible.
  • Sending the form to the CRA instead of your FHSA issuer.

After you fill it out

Print the PDF from your FileIt vault, sign Part B and give it to your FHSA issuer, who fills out Part C. FileIt doesn't send it.

Keep a copy with your purchase agreement in the same vault folder; the form asks you to keep one.

Expect a T4FHSA slip from the issuer for the year of the withdrawal.

Fill out Form RC725 online with FileIt

  1. Pick the person. Choose someone from People and FileIt fills in their name, date of birth, address and other details it already knows.
  2. Answer plain-language questions. One part of the form at a time, with the official help text beside each question — 25 fields in all. Your answers save as you go.
  3. Check the live preview. Watch your answers land on the real Canada Revenue Agency (CRA) form, and let FileIt do any worksheet arithmetic.
  4. Generate the official PDF. FileIt prints your answers into the agency’s own PDF and files it in that person’s folder in your vault. Sign it, or send it for e-signature.

FileIt fills the form — it never files or submits anything for you. Deliver the finished form to whoever asked for it, the way the form’s instructions say.

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Form RC725: frequently asked questions

Is a qualifying FHSA withdrawal taxable?

A qualifying withdrawal is the tax-free way to use FHSA savings for a first home. Your issuer reports it on a T4FHSA slip. For the rules, the form points to canada.ca/withdrawal-transfer-out-fhsa.

Can I use my FHSA and the Home Buyers' Plan together?

Yes. The form's Note 1 says you can make a qualifying FHSA withdrawal and an HBP withdrawal from your RRSP for the same qualifying home, as long as you meet the conditions at the time of each.

What if I change my mind after the withdrawal?

You can't cancel a qualifying withdrawal. Putting the money back counts as a new FHSA contribution, which may create an excess FHSA amount and isn't deductible.

What counts as a qualifying home?

A housing unit in Canada, existing or being built, such as a house, townhouse, mobile home, condo or apartment, or a co-op share that gives you an equity interest. A share that only gives you a right to tenancy doesn't qualify.

Can I fill out RC725 online?

Yes. FileIt guides you through Parts A and B and prints your answers on the CRA's official RC725 PDF, saved in your vault, for you to sign and give your FHSA issuer.

Official sources

FileIt is not affiliated with or endorsed by Canada Revenue Agency (CRA) or any government. This page explains the form in general terms and is not legal, tax or immigration advice. Always read the official instructions, and check that you are using the edition the recipient accepts. Page last reviewed 2026-10-19.

Fill out Form RC725 online