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How To Leverage The First Home Savings Account with Jason Heath
Manage episode 390301098 series 3530823
Το περιεχόμενο παρέχεται από το Saijal Patel. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Saijal Patel ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Are you a first-home buyer who is planning on leveraging the First Home Savings Account? The FHSA was officially introduced earlier this year to help first-time homebuyers, and yet many home purchasers aren’t aware of the new tax-deferred scheme or find it too onerous.
The FHSA was officially introduced earlier this year to help first-time homebuyers, and yet many home purchasers aren’t aware of the new tax-deferred scheme or find it too onerous. In fact, according to BMO’s 14th Annual Investment Survey, just over half of Canadians (52%) looking to buy a home for the first time say they are likely to leverage the FHSA to help save for their home purchase. It suggests that there’s still a long way to go in order to foster an understanding of their benefits.
Jason Heath is a fee-only financial planner with Objective Financial Partners. Today, he explains how FHSA works, the nuisances to be aware of, and whether you’re better off using another plan.
Website: www.objectivefinancialpartners.com
Twitter: @JasonHeathCFP
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