First Home Savings Account (FHSA) Investments
First Home Savings Account (FHSA) Investments
The investments allowed in an FHSA are basically the same as those that you are allowed to invest in with your TFSA and RRSPs.
FHSA Investments Table
This is a table of the FHSA Investments in Canada that we are aware of.
This table is as of August 1, 2023
| Valid Investment | Notes |
|---|---|
| Cash | ??? |
| Mutual Funds | ??? |
| Publicy Traded Securities | ??? |
| Government and Corporate Bonds | ??? |
| Guaranteed Investment Certificates (GICs) | ??? |
Tip
Make sure that your investments can be liquidated quickly because you may need to take out your money quickly for the down payment!
Be wary of investing in illiquid or locked in investments. For example, if you intend to buy a house within a year, don't buy a 1 year non-cashable GIC because you may not be able to get your money out of the investment!
FAQs
These are the FAQs about FHSA Investments.
Disclaimer
Disclaimer: The information on this website is for informational purposes only. Please get professional advice before opening any account or making any transactions.