A New Way to Save for Your First Home

The Allied Health Financial Podcast

Nov 15 2022 • 13 mins

The Government of Canada has proposed the First Home Savings Account (FSHA) to help you save for your first down payment.

  • A new (proposed) registered savings account (1:15)
  • First Home Savings Account (FHSA) (1:57)
  • FHSA: The best of the RRSP and TFSA (3:59)
  • What happens to deposits not used for a first home? (5:17)
  • What’s in the fine print? (7:07)
  • How does the FHSA integrate with the Home Buyers Plan of the RRSP? (8:25)
  • Does unused contribution room carry forward? (10:17)

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