FHSA Explained // How to OPEN an FHSA Account with QUESTRADE Tutorial // First Home Savings Account

What is the FHSA? How Do I Open an Account with Questrade? How Can the First Home Savings Account Help me Save Up for a Down Payment? Why Should I Invest with Questrade? What are the Tax-Sheltered Benefits of the FHSA? Can I use the FHSA with the Home Buyers’ Plan?

The First Home Savings Plan or FHSA is FINALLY here! And you can open an FHSA with QUESTRADE right away as of April 1 and I’ll show you EXACTLY how to do it! In this video, I’ll go over all of the benefits of the FHSA and all the rules and eligibility requirements you need to follow. I’ll also cover how to withdraw your money when you are ready to purchase your first home and what happens if you decide not to buy a property. As you guys know, Questrade has been my favourite online broker for years and I’m happy to say that they are one of the first institutions in Canada to offer this brand new FHSA account on day one! I’ll go over all of the benefits of Questrade and why they’re my favourite investing platform in Canada. I’ll show you a step by step walkthrough on how to OPEN a Questrade investing account so feel free to follow along! ????????

This video is sponsored by Questrade but all of the views and opinions are my own. Read the disclaimer below.

QUESTRADE REFERRAL ????????
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! ????
https://www.questrade.com/?refid=CANADIANTSHIRT

SKIP AHEAD ⏩
-Intro: 0:00
-Sponsorship: 0:39
-FHSA - Benefits: 1:09
-FHSA - Rules: 2:35
-FHSA - Withdrawals: 3:39
-Why Questrade? 5:13
-Commission Fees: 6:10
-USD Investing: 6:51
-Initial Deposit: 7:29
-Walkthrough - How to Open Account: 8:03
-Account Types: 8:56
-Profile: 10:43
-Account Setup: 12:41
-Fund the Account:14:30
-Summary: 16:30

WATCH NEXT ▶️
-Instant Deposits with Questrade - https://youtu.be/hrmY439g15Q
-How to Buy Stocks - https://youtu.be/_V2yBWwOZX4
-Questrade’s New Look - https://youtu.be/PLyG_ipZhfE
-How to Transfer to Questrade - https://youtu.be/Bf1zufNlQSk
-How to Buy US Stocks in Canada - https://youtu.be/CuVqfQomSPc

Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)

DISCLAIMER - SPONSORSHIP:
The following video is presented by Adrian Bar of Canadian in a T-Shirt Inc. (the “Presenters”)
The information Adrian provides in this video is intended to be for informational and educational purposes only.
The Presenters are NOT a registered adviser or investment dealer.
The information and any opinions that may be presented in this video do not constitute advice or recommendations by Questrade, Inc. (“Questrade”) or its affiliates with respect to investment in financial instruments, nor does Questrade recommend or endorse the views or opinions expressed in this video. Your use of or reliance on this video and/or tools/information offered by the Presenters is subject to the Questrade Legal Notice. Questrade, Inc. is a registered investment dealer, member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and a member of the Canadian Investor Protection Fund (“CIPF”).
Questrade cannot guarantee the timeliness, accuracy, and reliability of the information provided by the Presenters and Questrade will not be held liable nor assume any liability for any loss or damages arising directly or indirectly from the use of this video or services that may be discussed. Any liability, whether direct, indirect or consequential loss or damage is explicitly disclaimed. This video should not be relied upon to evaluate any potential transaction or for tax or accounting advice. Viewing this video shall not constitute the giving of investment advice or tax or accounting advice by Questrade. Consult with your financial advisor for tax and accounting matters and ensure you fully understand any financial instrument product before investing.
Any information or testimonials relating to past performance of securities discussed in this video does not guarantee future performance.

DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!

DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you!
Thank you for supporting The Canadian in a T-Shirt! =)

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