FHSA - Do NOT Open Until You Watch This

Are you planning to buy your first home in Canada? Don’t leave $30,000+ on the table by treating your FHSA like a basic savings account. The First Home Savings Account (FHSA) is one of the most powerful tax-sheltered tools ever released by the Canadian government—combining the tax deductions of an RRSP with the tax-free growth of a TFSA. In this video, I break down exactly how the FHSA works in 2026, using real-life client examples to show you what to do (and what definitely NOT to do). What You’ll Learn: • The "Zero Limit" Trap: Why waiting to open your account is costing you $8,000/year in room. • Carry-Forward Limits: The complex math of FHSA room that catches most people off guard. • FHSA vs. FHIA: Why your "Savings Account" should actually be an "Investment Account." • The 15-Year Rule: How to time your account opening with your actual purchase goal. • The RRSP Safety Net: What happens to your money if you decide NOT to buy a home. Timestamps: 0:00 – Intro 0:42 – Mistake of Delaying Opening 1:28 – Why Carry-Forward Room is Capped 2:35 – FHIA - How Stephanie Turned $40k into $76k (Investment Strategy) 4:19 – Plan B: Moving Funds to your RRSP 5:00 – Final Verdict Disclaimer: The information in this video is for educational and illustrative purposes only and does not constitute professional financial advice. Always consult with a qualified financial advisor regarding your specific situation. #FHSA #FirstTimeHomeBuyer #PersonalFinanceCanada #CanadianRealEstate #InvestingCanada #TaxFreeSavings #CRA