Maximizing the First Home Savings Account: A Complete Guide

Stumbled upon an excellent podcast interview featuring Evan Neufeld, CFP, and Aaron Hector, CFP, R.F.P., TEP.

They delve deep into the topic of FHSA (First-Time Home Buyer Savings Account) and cover all the crucial details you need to know.

From the intricate rules and eligibility criteria to contributions, deductions, and even tax efficiencies, they leave no stone unturned.

They also discuss what happens if you don't buy a home, qualifying withdrawals, and the transfer of funds. Moreover, they provide a comprehensive comparison between FHSA and Home Buyers Plan, as well as insights on how it stacks up against TFSA, RRSP, and RESP.

I highly recommend giving it a listen!

The Canadian Money Roadmap, Episode 77