The FHSA: Choose it First Over the RRSP (In Nearly Every Situation)
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The FHSA is Canada’s hot new account, and in most cases, it’s better to contribute to it first over the RRSP. I’ll do a detailed head-to-head comparison —and stick around because there are two key situations where the RRSP still comes out on top. I'll also compare the FHSA vs HBP, the Home Buyers' Plan so you can see what is better to save for your first home down payment.
Explore these links:
• 5 RRSP Withdrawal Strategies to Save MASSI...
Blog Post: https://blueprintfinancial.ca/the-fhs...
Chapters:
00:00 Introduction
00:19 Saving for a Home: FHSA vs RRSP
01:46 Down Payment Potential: FHSA vs RRSP
02:51 Tax Benefits: FHSA vs. RRSP
04:23 Investment Potential
05:41 Retirement Savings
07:25 US Stocks & Employer Matching
Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.