Bâtirente has added the First Home Savings Account (FHSA) to its range of services in order to facilitate our members’ financial autonomy and meet their various financial needs and objectives. This new registered plan that lets you save tax-free for a down payment on your first qualifying home.
Consolidating means bringing all your savings together in one place, and there are many advantages to doing so: lower management fees, access to a diversified, high-performance range of investments or having a complete picture of your assets at a glance.
Good news! You don’t have to choose between the home buyers’ plan (HBP) and the tax-free first home savings account (FHSA). You can use both when buying your first eligible property.
An RRSP is a tax-deferral tool that helps you save for retirement. A TFSA is a savings tool that you can also use for retirement, as well as the other projects you have going on. An FSHA is a tax saving tool that helps you save towards the purchase of your first home. In other words, we have three plans with three different sets of goals.
Some projects are more motivating than others. When your goals are well defined, all you need is an action plan to achieve them. What are your goals? Maybe you want to go back to school, buy a new car, or take that dream vacation. Make your dreams a reality by setting realistic savings goals and sticking with them. Automatic transfers are a great way to help you achieve the things that matter most to you.
Summertime has finally arrived! This is the perfect time to take a moment to think about your short-, medium- and long-term projects! Considering a move or renovations? Do you want to build an emergency fund? Have you reached a point in your life where you are thinking about moving up your retirement plans? Whatever your situation, you can keep track of all your projects by completing these 4 steps this summer.