Good morning, Ayesha
Here's your financial overview — let's make progress today.
Recommended for your goal: Buy a home
Focus on your FHSA + RRSP HBP
You can shelter up to $40,000 in an FHSA and an additional $35,000 via the RRSP Home Buyers' Plan — $75,000 combined for your down payment.
Your projections — $500 start + $200/mo · 10 years
HISA (CDIC)
$30,210
4.00% / yr
5-year GIC
$31,540
4.50% / yr
Low-fee ETF
$36,820
4–8% expected
Mutual Fund
$34,100
Balanced · 5%
FHSA
$28,940
+ tax refund
RRSP
$33,650
Tax deductible
Saved scenarios
Conservative HISA
$500 + $200/mo · 5yr
$14,820
TFSA ETF growth
$1,000 + $300/mo · 10yr
$52,310
FHSA home plan
$500 + $500/mo · 3yr
$21,040