Learn.Understand.Empower

The FHSA

Introducing the First Home Savings Account

The FHSA is a new registered account for prospective first-time homebuyers.

Buying a home can be a challenge for many young Canadians. If you feel that it's getting harder to get into the housing market, you're not imagining things. Fluctuations in home costs and interest rates can play a huge part in a first-time homebuyer's ability to afford a home. The new FHSA aims to make this easier.

Home Buying Budget

A practical worksheet to help you determine your expenses.



When buying a home, the actual purchase price will, of course, be your major expense-- but you do need to be aware of the additional expenses you will have. Some of these are one-time expenses and others are ongoing.

Here is a budget worksheet that can help you estimate your one-time and ongoing costs of home ownership.

Why do we call it FrostFin?

The obvious reason is that is combines the Frost name and Fin (short for Financial). Also, a frostfin is an adorable little fish that resembles a goldfish. They are transparent (like our fees) and known for dwelling in the shallows to protect their eggs by keeping them safe in their mouth until they hatch (kind of like you watching over your nest egg).

The other reason is that it allows us to use lots of "fishy" analogies and "school" references-- just for fun!

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Frost Wealth Management®  | iA Private Wealth | 1-855-619-3684

g.frost@iaprivatewealth.ca

This information has been prepared by Greg Frost who is a Senior Wealth Advisor for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Frost Wealth Management Team can open accounts only in the provinces in which they are registered.

iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.

Insurance products and services are offered through Frost Wealth Management Inc., an independent and separate company from iA Private Wealth Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund.

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