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Happy to see you here! Yes you can withdraw the funds po anytime sa FHSA but it will only be free from tax kung gagamitin niyo yung pera sa pagbili ng first home niyo. If you use it for something else, then it will be taxable po. Watch my video po about TFSA (tax-free savings account) if you want a more flexible account. Hope that helps. :)

100% yes! Kung may asawa po kayo, magbukas kayo parehas so you can maximize your tax savings!! Wala pong minimum holding period ang FHSA unlike homebuyers plan (HBP) ng RRSP, kaya even nagpaplano na kayong bumili ng bahay next year pwedeng pwede niyong itake advantage ang benefits ng FHSA as first time home buyers and sobrang smooth po ng withdrawal from FHSA. I've done it multiple times with my clients. If you open your FHSA before Dec 31 this year, you will get a total of $16k contribution space by next year, that's going to be a lot of tax savings for you!! If you need any assistance, feel free to send me an email to shielacabucol@gmail.com

Yes po you are eligible to open an FHSA as long as you are a first time home buyer. Hindi po related yung eligibility sa income at work. The first thing you could do is open this account para magsimula na kayong magccrrue ng contribution space. Once na back to work na po kayo pwede na kayo maghulog consistently every month.

Thank you khristian! I touched on a little bit about HBP sa part 2 of my RRSP video. If you have any questions ask kalang :D

Awe thank you Khristian 😇😇😇

You got it right! You can start contributing to your RRSP (if it makes sense with your income), but you don't have to use all its tax-deductible benefits every year. You can consult with your accountant and maybe use only SOME of it, so you don't pay more income tax than you need to. You can also use the rest of your contribution later on, like in 2026 as you said, if you're anticipating that your income will be higher-perhaps you're expecting a promotion, planning to take on a 2nd job, or considering selling rental properties, cottages, business assets, or stocks in your non-registered accounts in the next couple of years. RRSP offers this flexibility. Hope it helps.

@@ShieLovesFinance thank you

@@fatimaamor3882 you're very welcome :)

Awe thank you Kuya Mark! And thanks for sharing your thoughts :D

Aray kupo! But Sounds like you did your research po at hindi naniwala sa ganoong paraan! kudos to you! Marami kasing Pilipino ang nahuhulog sa ganitong trap. Separate your insurance and your investments. Registered Accounts should be maximize first before doing any investments in an insurance plan. I will make a video about this topic soon :)

I will get back to you po on the question about the successor to ensure I give you the most accurate answer. For short-term needs po , TFSA. For long-term, RRSP will make some sense if you are earning >$55k annually, if not TFSA is also a powerful vehicle to use for your long-term needs (retirement). Hope that helps

Thank you so much po <3

Happy to help po. Please email me at shielacabucol@gmail.com to set up an appointment :)

Glad to know you're finding my videos helpful, po! Thank you for the feedback :). I am licensed to serve in all provinces in Canada except Quebec. However, even if you're in Quebec, I’ll still be happy to answer your questions. Please email me po at shielacabucol@gmail.com to set up an appointment.

This is on my list po, and I will cover this topic in future videos :D

Will do po! Thank you! I will include those topics in my future videos :)

Thank you po for the feedback! :) Next week po I will publish the part 2 of our RRSP topic :)

Your agent should create a proper investor profile to understand your goals, objectives, and risk tolerance. Increasing your financial education through these types of resources will also help you make informed decisions when planning for your future.

I suggest you reach out po to a Canadian Immigration Consultant! Sila po ang expert pagdating sa ganyan. I'd be happy to refer you to one :)

@@ShieLovesFinance thank u ma'am ok ma'am ok pls refer me po

pls email me at shielacabucol@gmail.com so I can share you some details.

Thank you po! Hope it helps :)

ah okay po ano po ung tanong niyo about insurance?

Gsto k lng sana ipacheck muna ung biometric kng valid kc online un e.bgo ako mg proceed

@@bosscarpenter7264 Okay po walang problema. For any private questions po, you can email me at scabucol@experiorfinancial.ca

you got it ! :)