First Home Savings Account: A Complete Guide
Автор: Money Time Coaching
Загружено: 2023-04-03
Просмотров: 1058
#FirstHomeSavingsAccount #FHSA #personalfinance #homeownership #savingsaccount #moneytimecoaching
If you're a Canadian looking to save for your first home, then this video is a must watch! Starting on April 1, 2023, the first home savings account will become available to eligible Canadians. In this video, I provide a complete guide about everything you need to know about the First Home Savings Account (FHSA).
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0:00 What this Complete Guide will covers
0:54 Money Time Coaching Intro
1:04 What is the First Home Savings Account?
2:24 How does the First Home Savings Account work?
3:48 How do FHSA Contributions Work?
4:12 Eligibility Requirements for the FHSA
4:38 What Investments are Eligible within a FHSA?
4:52 If you Owned Property before can you have a FHSA?
5:22 What happens if you don't use money in your FHSA to purchase a home?
5:58 Does the FHSA help with the housing affordability crisis?
7:15 Should you put money into an FHSA if your earning a lower income?
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