STOP! Do Not Open an FHSA Until You Watch This скачать в хорошем качестве

STOP! Do Not Open an FHSA Until You Watch This

Video Title: The FHSA is a Trap (The "4-Box" Protocol) The First Home Savings Account (FHSA) is the only registered account in Canada specifically designed to expire. Most investors treat the FHSA like a "Super TFSA," but the CRA treats it like a conditional contract. If you open the account at age 18 "just to start the clock," you are lighting a 15-year fuse that burns your contribution room before you are ready to buy. This video breaks down the "4-Box Compliance Protocol"—a forensic framework to ensure your down payment survives the audit triggers. 👇 MY "CANADIAN COMPLIANCE" TOOLKIT 👇 (These are the exact tools I use to automate the "Box 3" strategy in this video) 1. The "Laziness Tax" Shield (For Box 3 Compliance) In the video, I diagnose the "Laziness Tax"—the 2.5% fee big banks skim from your down payment. I use this zero-commission platform to buy XEQT/VEQT and bypass those fees. 🇨🇦 Wealthsimple: https://www.wealthsimple.com/invite/H... (🎁 Bonus: Use this link to get a $25 Cash Bonus when you fund your account) 2. The "Short-Term" Asset Vault (For 3-Year Timelines) As explained in the Asset Allocation chapter, if your timeline is under 3 years, you need "Return of Capital," not "Return on Capital." I park my cash/GIC allocation here to beat inflation without market risk. 🇨🇦 EQ Bank: https://join.eqbank.ca?code=mohammed2931 3. The "Cross-Border" Solution: For those moving funds across borders without triggering high conversion fees. 🌎 Wise: https://wise.com/invite/dic/mohammedk... 📚 THE INVESTOR'S LIBRARY (The "Curator Bridge") These are the tactical manuals I used to build the asset allocation strategy for this video. 1. Reboot Your Portfolio (Dan Bortolotti) The essential manual for Canadian ETF investing. This book explains the "Asset Location" math we discussed in Box 4. 🎧 Free Audiobook: 🇨🇦 https://amzn.to/4bmxVhy 🇺🇸 https://amzn.to/3Z02EJV (Sign up for the trial, download the book, and keep it forever, even if you cancel.) 📖 Hardcover: 🇨🇦 https://amzn.to/4aPmPBA 🇺🇸 https://amzn.to/4pv6mpV 2. Millionaire Teacher (Andrew Hallam) The guide to building a 7-figure portfolio on a normal salary—crucial for understanding why we avoid high-fee mutual funds (The Laziness Tax). 🎧 Free Audiobook: 🇨🇦 https://amzn.to/3Nl2473 🇺🇸 https://amzn.to/4swafgO 📖 Hardcover: 🇨🇦 https://amzn.to/4qbgTrt 🇺🇸 https://amzn.to/4swd4OW 3. The Simple Path to Wealth (J.L. Collins) The mindset bible for the index investor. Essential for the psychology of holding through volatility. 🎧 Free Audiobook: 🇨🇦 https://amzn.to/3Luyrj0 🇺🇸 https://amzn.to/49ao25h 📖 Hardcover: 🇨🇦 https://amzn.to/3LyiQz6 🇺🇸 https://amzn.to/3YZ0U3F ⚠️ CRITICAL CRA WARNINGS The information in this video is based on the Income Tax Act (Canada) regarding Qualifying Withdrawals and the FHSA Carry-forward rules. The "Carry-Forward Trap": You can only carry forward one year of unused room ($8,000). If you wait 3 years to contribute, the previous room evaporates. The "Relationship Trap": Moving in with a partner who owns a home may disqualify you from "First-Time Buyer" status under CRA common-law guidelines. Watch Next: 🛑 The RRSP Trap: Why Your Refund is a Loan (Not Free Money) 👉    • RRSP Refund Mistake EXPOSED | Most Canadia...   LEGAL DISCLOSURE: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.ca and Amazon.com. DISCLAIMER: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! FINANCIAL DISCLAIMER: The information contained in this video and the resources available for download/viewing through this channel is for educational and informational purposes only. I am not a financial advisor, and this is not financial advice. Always do your own research and consult a licensed professional before making any investment decisions.