In this video, Joe guides us through how the First Home Savings Account works, who can open one, how much you can contribute, and the potential downsides to using one.

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🎥 CONTENTS OF THIS VIDEO

00:43 - Understanding the FHSA
01:18 - How the FHSA Works
03:02 - Who Can Open an FHSA
03:39 - FHSA Time Frames
04:36 - FHSA Contribution Limits
06:46 - What Happens if You Over-Contribute?
07:09 - What Types of Investments Can You Hold in Your FHSA?
07:32 - Where You Can Open an FHSA
07:54 - You Can Use the FHSA and the HBP Together
08:45 - The Potential Downsides of FHSA

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Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.

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📩 CONNECT

► Website: https://www.avalonaccounting.ca/

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❓ FAQs

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We may receive compensation when our link is used to sign up for a Float Visa.

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🧑🏻‍🏫 FREE BUSINESS GUIDES:

► Starting Your Business Guide:
https://joecollins.typeform.com/to/bc...

► Business Owner’s Productivity Guide:
https://joecollins.typeform.com/to/zJ...

► Financial Foundations Guide:
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► $1 Million Dollar Service Based Business Guide: https://joecollins.typeform.com/to/e2...