Top 15 Hacks for Your First Home Savings Account (FHSA) aka The “Renter’s RRSP” скачать в хорошем качестве

Top 15 Hacks for Your First Home Savings Account (FHSA) aka The “Renter’s RRSP”

♦ Top 15 Hacks for Your First Home Savings Account (FHSA) ♦ There is a brand new type of account in Canada coming out in April 2023. It’s called Your First Home Savings Account (FHSA) aka The “Renter’s RRSP”. You may know about RRSPs & TFSAs, well this is the third one, and it’s worth knowing because for many people, this is going to be the best place to put your money. It’s also the # 1 way to save for a home. In my latest video, I give you the top 15 hacks to get the maximum benefit from this new account, so that you can save money not just for a home, but for other purposes as well. Watch this video & you will be an FHSA expert. Find out: • What is an FHSA? • Why were FHSAs created? • The #1 way to save your down payment. • Why are FHSAs called the “Renters’ RRSP”? • Why you should open one this year even if you are not yet saving for a home. • What’s the difference between an FHSA and the RRSP Home Buyer’s Plan? • Should you contribute to your FHSA, RRSP or TFSA? • Should you claim or defer the deduction for your FHSA contribution? • What’s the difference between an FHSA and a virgin? (1st FHSA joke) 😊 • Why FHSAs make a great gift for your spouse or kids. • FHSA uses for self-employed business owners with a corporation. • The FHSA hack for the GIS Strategy for retirees. • FHSA uses for non-residents. • How to contribute $2,500 more to your FHSA with “FHSA Top-up Strategy”. • What to do if you have no extra cash flow to invest. I am launching a podcast! People kept asking for one. Watch for it in the next couple weeks. Ed __________ ►Get FREE financial advice when you sign up for the Unconventional Wisdom newsletter from the #1 blog in Canada for a financial planner. We give you insights from experience on building financial security. Sign up here: https://www.edrempel.com __________ ⏰ TIMESTAMPS 00:00 | Intro 01:07 | What you will learn in this video. 03:17 | What is an FHSA? 05:09 | FHSA Rules 07:50 | Why were FHSAs created? 09:55 | The #1 way to save your down payment. 11:32 | Why are FHSAs called the “Renters’ RRSP”? 12:40 | Why you should open one this year even if you are not yet saving for a home. 13:51 | What’s the difference between an FHSA and the RRSP Home Buyer’s Plan? 15:47 | Should you contribute to FHSA, RRSP or TFSA? 21:13 | Graph of Marginal Tax Brackets (Ontario 2023) 22:42 | Should you claim or defer the deduction for your FHSA contribution? 24:05 | What’s the difference between an FHSA and a virgin? (1st FHSA joke) 😊 25:03 | Why FHSAs make a great gift for your spouse or kids. 27:43 | FHSA uses for self-employed business owners with a corporation. 30:46 | The FHSA hack for the GIS Strategy for retirees. 34:34 | FHSA uses for non-residents. 36:23 | How to contribute $2,500 more to your FHSA with “FHSA Top-up Strategy”. 38:20 | What to do if you have no extra cash flow to invest. 39:16 | Why is FHSA a bad name? 39:53 | Why you need a growth mindset. 43:27 | Stocks vs Bonds chart. 45:09 | How to get a free $8,000 contribution to your new FHSA. 46:10 | Recap of video. __________ ♦ SAY HI ON SOCIAL MEDIA Facebook:   / edrempel1   LinkedIn:   / edrempel-fee-for-service-financialplanner-...   Twitter:   / edrempel   __________ Please like, share and comment if this video has been helpful to you! Thanks so much! Ed Rempel __________ Ed Rempel CPA, CMA, CFP is a financial blogger, fee-for-service financial planner and tax accountant with a ton of real life financial planning experience. He was awarded “Best Canadian Personal Finance Blog” by Expertido, and is the #1 financial blog in Canada for a financial planner on Hardbacon and Feedspot. For the past 28 years, he has assisted thousands of Canadians with creating real, professional, “interactive” financial plans that earn results. Ed is known for his financial strategies, such as the Smith Manoeuvre and Lifecycle Investing strategies. He is also particularly skilled with the 8-Year GIS Strategy, a strategy to help seniors qualify for larger government pensions using effective planning & investing.