| Title | : | Ultimate tax strategy for buying a home in Canada #fhsa #rrsp #tfsa #homebuyer #realestate |
| Lasting | : | 0.56 |
| Date of publication | : | |
| Views | : | 8,6 rb |
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Sweet now I just need to go back in time Comment from : @MrFULLMETALJEEP |
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Even with a 5 downpayment, to get mortgage for a 680000$ home, you would need to make almost 250000$ per year Not everyone does that Comment from : @DudeDudovsky |
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680 k won't even get you a one bedroom condo in southern ontario Comment from : @briancrews3218 |
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I live in Vancouver though rip Comment from : @BiologicalComputer |
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wait is FHSA a new thing going on? i never heard of it Comment from : @marchmonthly1467 |
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Good vid Comment from : @bostonwinds |
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Hi, if let’s say I only contributed $10,000 in my rrsp so far and i want to withdraw using hbp, will I be able to withdraw the max $35,000 or only $10,000 bec that’s only what I contributed? Pls enlighten me Thanks Comment from : @cindscinds |
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Hi, can we use both FHSA and RRSP 43k to pay downpayment tax free ? For couple 86k? Comment from : @school77231 |
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Tax-free first home saving account is max $40,000 and RRSP - HBP is $35,000 your math should be $75,000 Comment from : @MinnieOnCam |
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Even if you could use both the fhsa & hbp you would want to be minimum 20 down not 15 Comment from : @straightjacketleatha |
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Apparently you can only use one or the other (FHSA or HBP) not both Which sucks and defeats the purpose in my opinion Comment from : @AmmarMuhammad786 |
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I don't think you can withdraw from the HBP (home buyers plan) & the FHSA (first home savings account) for the same home purchase Comment from : @JedTaylor7 |
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