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A New Way to Save for Your First Home

A New Way to Save for Your First Home

Released Tuesday, 15th November 2022
Good episode? Give it some love!
A New Way to Save for Your First Home

A New Way to Save for Your First Home

A New Way to Save for Your First Home

A New Way to Save for Your First Home

Tuesday, 15th November 2022
Good episode? Give it some love!
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The Government of Canada has proposed the First Home Savings Account (FSHA) to help you save for your first down payment.

  • A new (proposed) registered savings account (1:15)
  • First Home Savings Account (FHSA) (1:57)
  • FHSA: The best of the RRSP and TFSA (3:59)
  • What happens to deposits not used for a first home? (5:17)
  • What’s in the fine print? (7:07)
  • How does the FHSA integrate with the Home Buyers Plan of the RRSP? (8:25)

  • Does unused contribution room carry forward? (10:17)

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From The Podcast

The Allied Health Financial Podcast

Personal finance education and evidence-based financial for Canadian allied health professionals. Over the years you have spent countless hours mastering your skills to ensure your patients receive the best care possible. Financial literacy and your personal wealth deserve the same level of attention and care. From formulating a budget and developing an emergency fund to paying down debt and investing, we cover it all. We are two members of the allied health community, and we began our personal finance journey 6 years ago. After recognizing the lack of personal financial know how in the health care community, we got to work. We have put together all the information needed to make informed decisions, and resources to execute those decisions, all in the context of today’s health care worker. We hope you enjoy and learn!

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