Russell Sawatsky CFP
@RSawatskyCFP@mstdn.ca
Owner | Financial Planner, Money Architect Financial Planning; "At first, financial planning is all about money and numbers. But ultimately, it’s about contentment." London, ON https://moneyarchitect.ca/
mstdn.ca
What happens if you open a First Home Savings Account (FHSA) but never buy a home?
My latest Money Architect post follows three fictional Canadian couples whose FHSAs lead to different outcomes. It also explains some easily misunderstood rules, including the limited carry-forward of unused contribution room and the option of transferring the funds directly to an RRSP or RRIF.
https://moneyarchitect.ca/what-if-you-open-an-fhsa-but-never-buy-a-home/
#FHSA #PersonalFinance #FinancialPlanning #Canada