TFSA vs RRSP vs FHSA
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00:00 Intro - TFSA, RRSP & FHSA
00:30 Common Questions
01:28 Today's Video Agenda
02:16 Overview of TFSA, RRSP & FHSA
03:00 What is TFSA?
03:39 What is RRSP?
04:50 What is FHSA?
06:16 What is it typically used to save for?
07:33 Who can open one?
09:37 What types of investments can I hold in it?
10:21 Can the plan be opened jointly?
11:10 Tax Treatment - Are contributions tax-deductible?
12:05 Tax Treatment - Do my savings grow tax-free or tax-deferred?
12:58 Contributing - How much can I contribute each year?
15:25 Contributing - Is there an over-contribution penalty tax?
15:56 Contributing - Can I carry forward unused contribution room?
16:16 Contributing - Do I have to earn income to get contribution room?
17:02 Withdrawals - Can I take my money out for any reason?
18:38 Withdrawals - If I withdraw money, do I get my contribution room back?
20:21 Withdrawals - Do withdrawals affects Tax?
21:13 All in one IMAGE
22:09 Summarizing - TFSA, RRSP & FHSA
25:21 Last Week?
26:01 Next Week?
27:19 Ending Screen
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โฟDisclaimerโฟ
DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Pallav Jaidka is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Pallav Jaidka is not responsible for investment actions taken by viewers.
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#stockmarket #dividends #etfs #wealthsimple #investing #stocks #investingforbeginners
#rrsp #tfsa #shorts