FHSA first home savings account explained!
0:54
FHSA first home savings account explained!
9 months ago
MSNGriffin Milks
Wait… what’s an FHSA? 👀 It’s a new way to save for your first home—with tax perks while earning 4% interest! And yes, we offer it! Yes, it’s worth checking out. 👉 Tap to get the tea #FHSA #FirstHomeVibes #Adulting101 #MoneyMoves #HomeGoals #AffinityCreditUnion | Affinity CU
0:15
Wait… what’s an FHSA? 👀 It’s a new way to save for your first home—…
21.5K views6 months ago
FacebookAffinity CU
FHSA Tax benefits: By depositing money in a FHSA, you’ll reduce your taxable income and save on taxes. FHSA earnings are tax-free. Use for: The FHSA is specifically designed to help you save for the purchase of your first home. While withdrawals are tax-free, they become taxable if you withdraw money for a purpose other than buying a home. TFSA Tax benefits: TFSA earnings are tax-free. Use for: Saving and investing for short or medium-term projects: TFSAs aren’t tied to a specific savings goal,
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FHSA Tax benefits: By depositing money in a FHSA, you’ll reduce yo…
368 views7 months ago
FacebookCanadian Financial Literacy
FHSA Tax benefits: By depositing money in a FHSA, you’ll reduce your taxable income and save on taxes. FHSA earnings are tax-free. Use for: The FHSA is specifically designed to help you save for the purchase of your first home. While withdrawals are tax-free, they become taxable if you withdraw money for a purpose other than buying a home. TFSA Tax benefits: TFSA earnings are tax-free. Use for: Saving and investing for short or medium-term projects: TFSAs aren’t tied to a specific savings goal,
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FHSA Tax benefits: By depositing money in a FHSA, you’ll reduce yo…
1.3K views3 months ago
FacebookCanadian Financial Literacy
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