What is a First Home Savings Account?

What is a FHSA?

A first home savings account (FHSA) is a registered plan which allows you, if you are a first-time home buyer, to save to buy or build a qualifying first home, tax-free (up to certain limits). (Canada.ca)

The Professionals

In today’s addy podcast, addy co-founder Stephen Jagger chats with Rudy Chung & Robert Mulrooney from iA Private Wealth. Rudy is a Senior Wealth Advisor & Robert is an Senior Investment Advisor with iA Private Wealth – their parent company, IA Financial Group is one of Canada’s largest and oldest financial firms – IA Financial was established in 1892, and manages over $200 Billion in assets for over 4 million clients across Canada.

Rudy and Robert explain some of the details behind a FHSA registered plan and how potential home buyers can utilize this new investment tool.

Listen Now

This podcast is for informational purposes only and does not constitute investment advice. Listeners should consult with a qualified advisor before making any financial decisions. The podcast assumes no responsibility for the accuracy or completeness of the information presented, and investing involves risks. Listeners are encouraged to conduct their own research and consider individual circumstances.

 

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