The Ultimate Down-Payment Hack

Combining the best of an RRSP and a TFSA. The First Home Savings Account (FHSA) is Canada’s newest gift to home buyers.

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Every dollar you contribute reduces your taxable income for the year. Put in $8,000 and pay significantly less in income tax.

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Invest your savings in GICs, Stocks, or ETFs. Your gains are never taxed while inside the account.

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Unlike an RRSP, you don’t have to pay the money back. When you buy your home, the principal and the profit come out 100% tax-free.

Why wait?

You can carry forward up to $8,000 in unused room. If you open your account today, you start building your lifetime limit of $40,000 immediately.

I work with specialized mortgage brokers who can help you optimize your FHSA & RRSP strategy.