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YouTubeKat LM Finances
Do you know what FHSA stands for? If not, you’re not alone! We hit the streets to spread the word about FHSAs (aka First Home Savings Accounts) and how they can help first-time homebuyers save more money and get into their dream home sooner. 🏡🔑 With an FHSA, your contributions are tax-deductible, like an RRSP, and your eligible withdrawals are generally non-taxable, just like a TFSA. In addition, eligible withdrawals don't have to be paid back (like they do if you withdraw funds from your RRSP
1:01
Do you know what FHSA stands for? If not, you’re not alone! We hit the streets to spread the word about FHSAs (aka First Home Savings Accounts) and how they can help first-time homebuyers save more money and get into their dream home sooner. 🏡🔑 With an FHSA, your contributions are tax-deductible, like an RRSP, and your eligible withdrawals are generally non-taxable, just like a TFSA. In addition, eligible withdrawals don't have to be paid back (like they do if you withdraw funds from your RRSP
980 viewsOct 18, 2024
FacebookConexus Credit Union
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Federal Hazardous Substances Act (FHSA) Requirements
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Replying to @Sybau FHSA explained in the simplest way possible. $8k is contribution room, not free money. #personalfinance #canadianfinance #firsthomesavingsaccount #fhsa #investing101
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