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Why You Should Open an FHSA This Year

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Manage episode 388153292 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://player.fm/legal.

You should open up an FHSA Account this year!

This is for you if you don’t own a home now or in the last four years and are age 18 - 71.

You get contribution room starting the year you open your FHSA, but if you wait until next year you lose that room.

The deadline is December 31.

An FHSA Account is the # 1 way to save for a home down payment if you buy within the next 15 years. You get a tax deduction for contributions, and withdraw tax free to buy your home and you don’t have to repay it.

More reasons in this podcast.

  continue reading

103 episodes

Artwork
iconShare
 
Manage episode 388153292 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://player.fm/legal.

You should open up an FHSA Account this year!

This is for you if you don’t own a home now or in the last four years and are age 18 - 71.

You get contribution room starting the year you open your FHSA, but if you wait until next year you lose that room.

The deadline is December 31.

An FHSA Account is the # 1 way to save for a home down payment if you buy within the next 15 years. You get a tax deduction for contributions, and withdraw tax free to buy your home and you don’t have to repay it.

More reasons in this podcast.

  continue reading

103 episodes

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