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Top 15 Hacks for Your First Home Savings Account aka The "Renter's RRSP"

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Content provided by Unconventional Wisdom & Advice Inc. and Ed Rempel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unconventional Wisdom & Advice Inc. and Ed Rempel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

There is a brand new type of account in Canada coming out in April 2023.

It’s called Your First Home Savings Account (FHSA) aka The “Renter’s RRSP”.

You may know about RRSPs & TFSAs, well this is the third one, and it’s worth knowing because for many people, this is going to be the best place to put your money.

It’s also the # 1 way to save for a home.

In my latest podcast episode, I give you the top 15 hacks to get the maximum benefit from this new account, so that you can save money not just for a home, but for other purposes as well.

Listen to this podcast & you will be an FHSA expert. Find out:

  • What is an FHSA?

  • Why were FHSAs created?

  • The #1 way to save your down payment.

  • Why are FHSAs called the “Renters’ RRSP”?

  • Why you should open one this year even if you are not yet saving for a home.

  • What’s the difference between an FHSA and the RRSP Home Buyer’s Plan?

  • Should you contribute to your FHSA, RRSP or TFSA?

  • Should you claim or defer the deduction for your FHSA contribution?

  • What’s the difference between an FHSA and a virgin? (1st FHSA joke)

  • Why FHSAs make a great gift for your spouse or kids.

  • FHSA uses for self-employed business owners with a corporation.

  • The FHSA hack for the GIS Strategy for retirees.

  • FHSA uses for non-residents.

  • How to contribute $2,500 more to your FHSA with “FHSA Top-up Strategy”.

  • What to do if you have no extra cash flow to invest

  continue reading

86 episoade

Artwork
iconDistribuie
 
Manage episode 359193397 series 3460431
Content provided by Unconventional Wisdom & Advice Inc. and Ed Rempel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unconventional Wisdom & Advice Inc. and Ed Rempel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

There is a brand new type of account in Canada coming out in April 2023.

It’s called Your First Home Savings Account (FHSA) aka The “Renter’s RRSP”.

You may know about RRSPs & TFSAs, well this is the third one, and it’s worth knowing because for many people, this is going to be the best place to put your money.

It’s also the # 1 way to save for a home.

In my latest podcast episode, I give you the top 15 hacks to get the maximum benefit from this new account, so that you can save money not just for a home, but for other purposes as well.

Listen to this podcast & you will be an FHSA expert. Find out:

  • What is an FHSA?

  • Why were FHSAs created?

  • The #1 way to save your down payment.

  • Why are FHSAs called the “Renters’ RRSP”?

  • Why you should open one this year even if you are not yet saving for a home.

  • What’s the difference between an FHSA and the RRSP Home Buyer’s Plan?

  • Should you contribute to your FHSA, RRSP or TFSA?

  • Should you claim or defer the deduction for your FHSA contribution?

  • What’s the difference between an FHSA and a virgin? (1st FHSA joke)

  • Why FHSAs make a great gift for your spouse or kids.

  • FHSA uses for self-employed business owners with a corporation.

  • The FHSA hack for the GIS Strategy for retirees.

  • FHSA uses for non-residents.

  • How to contribute $2,500 more to your FHSA with “FHSA Top-up Strategy”.

  • What to do if you have no extra cash flow to invest

  continue reading

86 episoade

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