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What If You Open an FHSA but Never Buy a Home?

in Blog
by Russell Sawatsky

The purpose of the First Home Savings Account, or FHSA, sounds pretty clear. You open the account. You save for a down payment. You buy your first home.   But life does not always work out that way. Some people open an FHSA with every intention of...

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A Step-by-Step Approach to Starting DIY Investing

in Blog
by Russell Sawatsky

Matthew (Matt) is a 27-year-old social worker with a Master of Social Work (MSW) degree, which he completed three years ago. Currently working in the healthcare sector, Matt has seen firsthand how financial instability can cause stress and hardship. Whether due to inadequate insurance or...

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Two Investment Accounts to Consider in 2024

in Blog
by Russell Sawatsky

This will be my last blog post until the new year. I wish all readers a sense of joy in this season of celebration. Merry Christmas and Happy New Year!   There are two accounts that I think are worth considering for 2024 if you have not...

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Where Can I Move to Buy a House I Can Afford?

in Blog
by Russell Sawatsky

I will never be able to buy a home So goes the lament of many young Canadians. When we my wife and I bought our first home in Chilliwack, BC, in 1996, we paid less than $140,000. Homes in the same neighbourhood are now going for...

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Russ Writes

  • What If You Open an FHSA but Never Buy a Home?
  • Tax-Free Does Not Mean Rule-Free: Understanding the Limits of a TFSA
  • Taxing What We Earn, Spend, and Leave Behind
  • Downsizing in Retirement: Things to Consider
  • The Case for Cash: Emergency Funds, Sinking Funds, and Liquidity Risk

Contact

Russell J. Sawatsky
Certified Financial Planner®
T: (519) 852-0318
E: russ@moneyarchitect.ca

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