Fast Forward - MA12/26 - Layering First Home Savings Account (FHSA) on Top of Your Banking System

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Strategically using a First Home Savings Account (FHSA) alongside your banking system to improve flexibility, preserve compounding growth, and take advantage of available tax incentives while maintaining control of your capital. Some of the key topics discussed included: • Leveraging FHSA contribution room more intentionally • Using policy loans instead of interrupting long-term growth • Opening the account early so your contribution room starts building, then contributing when you're close to buying • How the FHSA differs from the RRSP Home Buyers' Plan, including no requirement to pay it back • Planning your purchase timeline so each dollar works harder