You've Maxed out Your TFSA, RRSP and FHSA...Now What?!

Jess and Colleen discuss balancing summer adventures with finances, praising Jess’s discipline after a big Africa trip and her plan to do mostly local activities in Yukon, with only a short, costly trip to Haines, Alaska, while saving vacation money for winter travel. They compare this delayed-gratification approach with the other host’s summer expenses for children, including costly camps ($400–$600 per child per week) and $1,500 in activity fees, noting the childcare challenges for working parents. They share listener comments about the podcast’s global reach and Canadian focus, then answer a question from Kelsey about what to do after maxing TFSA, RRSP, and FHSA: pay down high-interest debt, invest in a non-registered personal account (taxed on sale via capital gains), optionally adjust payroll taxes via TD1, consider real estate or REITs, RESPs for kids, and potentially private equity with higher minimums. They plan a future FHSA episode.

00:00 Welcome to TGIF

00:34 Summer Spending Choices

03:12 Kids and Camp Costs

06:33 Listener Love and Reach

08:12 Maxed Accounts Next Steps

09:14 Non Registered Investing Taxes

11:24 FHSA Explained Briefly

12:07 Real Estate and RESP Options

13:45 Private Equity Teaser

14:57 Wrap Up and Next Episode