First Home Savings Account: Don't Make This $8,000 Mistake (2025) скачать в хорошем качестве

First Home Savings Account: Don't Make This $8,000 Mistake (2025)

⏰ URGENT: You have until December 31st, 2025 to open your First Home Savings Account (FHSA) or you'll lose $8,000 in contribution room! In this video, we break down everything newcomers to Canada need to know about the FHSA—what it is, why the December 31st deadline matters, the incredible tax benefits, eligibility requirements, critical rules, and the biggest mistakes to avoid. 🏠 WHAT YOU'LL LEARN: ✅ Why December 31st is a critical deadline for FHSA ✅ How FHSA helps you save up to $40,000 tax-free for your first home ✅ Tax deductions that could save you $2,400+ this year ✅ Who qualifies to open an FHSA (and who doesn't) ✅ 6 critical rules you must remember ✅ 5 costly mistakes newcomers make (and how to avoid them) ✅ Exactly how to open your FHSA this week 💰 FHSA QUICK FACTS: • Annual contribution limit: $8,000 • Lifetime contribution limit: $40,000 • Tax deduction on contributions • Tax-free growth • Tax-free withdrawal for first home purchase • Can be combined with RRSP Home Buyers' Plan 🎯 TIMESTAMPS: 0:00 - Urgent: The December 31st Deadline 1:26 - Why This Date Matters for Your $8,000 2:43 - What is FHSA? (First Home Savings Account Explained) 3:53 - 5 Incredible Benefits of FHSA 5:44 - Who Can Open an FHSA? (Eligibility Requirements) 6:58 - 6 Critical Rules You Must Know 9:02 - Biggest Mistakes Newcomers Make 12:11 - Action Steps: What to Do Right Now 13:32 - Final Thoughts & Next Steps 📱 WHERE TO OPEN YOUR FHSA: • Major Banks: TD, RBC, Scotiabank, BMO, CIBC • Online Banks: EQ Bank, Tangerine • Investment Platforms: Wealthsimple, Questrade 🎥 RELATED VIDEOS: • Best Bank Account Offers for Newcomers: [link] • How to Build Credit Score in Canada: [link] • Finding Your First Apartment in Canada: [link] • Top Cashback Credit Cards: [link] 📲 CONNECT WITH US: Instagram: @twocentsdiaries TikTok: @twocentsdiaries 💬 Have questions about FHSA? Drop them in the comments—we respond to every single one! ⚠️ DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial advisor or tax professional for advice specific to your situation. #FHSA #FirstHomeSavingsAccount #NewcomerCanada #CanadianTaxes #FirstHomeCanada #ImmigrantLife #PersonalFinanceCanada #TaxSavings #DownPayment #CanadianBanking