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How to Use the FHSA in Canada (2025 Update)

Let me show you the First Home Savings Account (FHSA) which is a powerful tool designed to help first-time buyers save faster, invest smarter, and pay less tax on their journey to homeownership. In this video, I break down how the FHSA works, who qualifies, and how to use it alongside your TFSA and RRSP to build a serious down payment (and keep more of your money while doing it). If you’re dreaming of your first property, this is a must-watch. 📍 WHO AM I? Hey, I’m Manasseh Edward-Etafo, also known as Mallentino a Licensed Realtor, Investor, and content creator based in Toronto & Durham. I help ambitious young professionals build real wealth and a life that looks as good as it feels—through real estate, systems, and self-mastery. 💡 GET MY WEEKLY NEWSLETTERS 💌 Join the newsletter: Real estate, systems, & life design strategies to level up → https://doseofdopamine.com/subscribe → https://realedge.ca/subscribe 🚪 READY TO BUY YOUR FIRST PROPERTY? ▶️ Watch this next: The 7 Steps to Buying Your First Home in Canada →    • 7 Steps to Buy Your First Property in 2025   🌍 LET’S CONNECT 📸 Instagram –   / mallentino   🐦 Twitter – https://x.com/_mallentino 💼 LinkedIn –   / manassehe   📱 TikTok –   / mallentino_   ⏱️ TIMESTAMPS 0:00 – Why the FHSA matters now 0:27 – What is the FHSA? 2:50 – Who can open an FHSA 4:37 – How to open an FHSA 6:43 – Tax benefits (with real examples) 8:38 – Maximize it with RRSPs + TFSAs 10:01 – Withdrawal rules 13:00 – FHSA vs. TFSA vs. RRSP 16:05 – What if you don’t buy a home? 17:35 – Tips for first-time buyers 💌 For personalized home buying advice or to book a consultation, visit: https://cal.com/mallentino/real-estat... 🔑 Free Resources: Home Buyer’s Checklist: https://www.manassehhomes.com/offers/... Find your home: https://listed.inc/home?presented-by=... Mortgage Calculator: https://manassehhomes.ca/buyers/mortg... Newsletter: https://realedge.ca/ Let me know your biggest question about buying your first home in the comments, and I’ll be sure to answer it! 📞 Need more help? Contact me at [email protected] or call 6473711124 If this video helps, drop a like, subscribe, and comment below with your questions—I reply to every one. Let’s get you one step closer to your first set of keys 🗝️ #FHSA #HomeBuyingCanada #FirstTimeBuyer #RealEstateTips #Mallentino #WealthBuilding #FinancialFreedom #TorontoRealEstate

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