The First Home Savings Account (FHSA) is the third recommended account, helping first-time homebuyers deduct taxable income and grow investment returns tax-free.
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The creator outlines three essential accounts for individuals turning 18 to get financially ahead: a TFSA f...
Azia MeryNew
The creator outlines three essential accounts for individuals turning 18 to get financially ahead: a TFSA for investing, a High-Interest Savings Account (HISA) to beat inflation, and a First Home Savings Account (FHSA) for first-time homebuyers. The creator emphasizes prioritizing investments and starting early, sharing their personal investment growth of over 40% since starting at age 21.
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A High-Interest Savings Account (HISA) is recommended, ideally with a rate above 2.5% to beat inflation, as the second essential account for those turning 18.
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