I Maxed Out My FHSA! Now What? (First Home Savings Account)

I've officially maxed out my First Home Savings Account... for this year!

ICYMI, the FHSA, or First Home Savings Account, is Canada's newest tax-advantaged investment account. It was launched in 2023 by the Canadian government to help people save for their first home. Once you open an account, you can contribute $8,000/year, up to a lifetime contribution limit of $40,000.

I finally opened an FHSA a few months ago, and have officially hit that $8,000/year limit for 2024. But, what investments did I buy inside of my FHSA? And what's next?! I'll break that down in this video!

0:00 I maxed out my First Home Savings Account!
2:39 Why did I open an FHSA?
4:57 How much money is in my FHSA now?
7:20 What investment account will I use next?
9:18 How long will it take me to max out my RRSP next?

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