Understanding the Benefits of a FHSA

This presentation discussed the benefits of the First Home Savings Account (FHSA). The FHSA allows annual contributions of $8,000 with a lifetime limit of $40,000, similar to an RRSP. Contributions are tax-deductible, and qualifying withdrawals are tax-free. Eligibility includes being a Canadian resident, 18 years or older, and a first-time homebuyer. The FHSA can be used in conjunction with the Home Buyers Plan (HBP) for a larger down payment. Unused contribution room can be carried forward, and unused funds can be transferred to an RRSP or RIF if not used for a home purchase. Equitable Life launched the first FHSA in Canada in 2023.

Presentation Preview:

Want to learn more about this presentation? Click the video to the left to watch the first 3 minutes! Full presentation time: 55m

How to Earn Your CE Credit?

This is a simple 3 step process 1. Watch the full presentation video 2. Complete all parts of the curriculum (listed below) 3. Click the Complete Course button at the end. Good news for you, is that there are no quizzes!

CE Credits provided by this presentation:

* FP Canada - 1 General credit * MFDA - 1 Professional Development credit (in bundles) * Advocis - 1 IAFE Approved credit * CSI - 1 Professional Development credit (in bundles) * FSRA - 1 FSRA Approved credit * AIC – 1 Life credit (in bundles) * ICS - 1 Segregated Funds credit * ICM - 1 Segregated Funds credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
Understanding the Benefits of a FHSA
1. (Included in full purchase)
  Introduction and Instructions
2. (Included in full purchase)
  The Rules Governing CE Credits
3. (Included in full purchase)
  Presentation Overview
4. (Included in full purchase)
  Presentation Video
5. (Included in full purchase)
  Presenter Resourses

About the Presenter: Harley Kizner

After spending the past few years wholesaling for another major insurance carrier, Harley Kizner joined Equitable in July 2024 as Director, Investment Sales for Southwestern Ontario. Harley is eager to help his advisors grow their business through the unique value propositions offered on the Equitable investment platform. In his spare time, you can catch Harley playing the guitar, watching Formula1 racing or keeping up on the latest trends in the world of watches!