The Tax-Free First Home Savings Account (FHSA): Your Key to Homeownership in Canada 🇨🇦🏠 | xoreni

Are you dreaming of owning a home in Canada but struggling to save for a down payment? The Tax-Free First Home Savings Account (FHSA) could be the solution you’ve been looking for! In this video, I explain how the FHSA works, its benefits, and how you can take advantage of it to reach your home ownership goals faster.

This account is a game-changer and I hope you’ll take advantage of it!

Learn more: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html

TFSA Explained – https://youtu.be/HACjg4nrFN8

CHAPTERS
0:00 Intro
0:58 Budget Day
2:10 What is the FHSA?
2:23 How does the FHSA work?
3:34 How much can I contribute to the FHSA?
5:33 Who can open the FHSA?
7:20 When will the account close?
7:34 What is the best way to use the FHSA?
8:35 Mistakes to avoid with this account
13:06 Outro

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Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.

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xo, Reni ♡

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