Personal Banking
Tools and Resources
Partner Services
Skip to main content
Banking
Investing
Personalized Investing
Expert advice to reach your financial goals.
Wealth Management
For more complex financial planning needs.
Do-It-Yourself Investing
Tools and Resources
Rates
Investing Rates
Mortgage Rates
Daily Banking Rates
Loan Rates
About
About Kindred
Community Engagement
Open an Account
Open an Account Online
Apply for a Loan Online
Why Kindred?
Meet with Us
Book an appointment with a Kindred staff member about...
Borrowing / Lending
Investing / Financial Advice
Buying a Home
How to start investing for your down payment
Buying a home is more than an investment—it’s an accomplishment. Kindred can help you make the right financial choices to grow your down payment and achieve your goals faster. From tax-free investment growth and tax-deductible contributions, to GICs, mutual funds, and more, investing with Kindred helps your money work for you. Let's make your homeownership dream a reality.
First time home buyer? Open your FHSA today.
Unlock the doors to your first home with a First Home Savings Account (FHSA). This powerful savings and investment tool lets you contribute up to $40,000, tax-free, and withdraw it tax-free for a down payment on your first home. It's like an RRSP and TFSA combined, specifically designed to help you take your first step towards property ownership.
Download a free step-by-step guide to buying your first home
Our First Time Home Buyers Guide provides the information you need to know before buying a home for the first time: from measuring your financial fitness and accessing government programs, to choosing an agent to help you navigate the real estate market.
Investments that Grow Your Home Buying Fund
Kindred offers a number of options to help you save and invest for purchasing a home that can provide immediate or long-term benefits including tax savings, income management, increased growth potential, and more. Among these are Guaranteed Investment Certificates (GICs), Mutual Funds, Tax-Free Savings Accounts and more. Even your RRSP can be an investment in home ownership using the Home Buyers Plan.
Guaranteed Investment Certificates (GICs)
When you buy a GIC, you invest your money for a set length of time to benefit from a fixed interest rate. When your term is up, you can either cash in your GIC – and get your initial investment back plus interest – or renew your term and keep growing.
Mutual Funds
Mutual Funds diversify your investment. Investors pool their money together and a fund manager invests this money in return for a management fee. Every mutual fund unit represents an investment in a variety of securities that could include stocks, bonds, cash, and other securities.
Tax Free Savings Account (TFSA)
With a TFSA, you can Invest in GICs, mutual funds, ETFs, or stocks while benefiting from tax-free growth and withdrawals. While TFSAs are not tax-deductible for income tax purposes, any investment income or capital gains earned in the account is tax-free even when it is withdrawn.
Our interactive online mortgage calculator is a quick way to get an idea of how much you may be pre-approved for.
Use our mortgage calculator.
Check out these helpful articles
© 2025 Kindred Credit Union. All rights reserved. Inspiring peaceful, just, and prosperous communities