Where Your Down Payment Should Come From First

<p>FHSA, cash, family money, a regular investment account, RRSP, TFSA, a corporation. Every dollar you pull out has a price tag, and the price is different in every account.</p><p>The order I&#39;d use, cheapest first:</p><ol><li>FHSA, topped up, then all of it. No later than 30 days after you get the keys.</li><li>Cash, but keep 3 to 6 months of expenses. A home needs a cushion.</li><li>Family money as a real gift, with your parents off title.</li><li>Small gains and losers in your regular investment account.</li><li>Home Buyers&#39; Plan before the TFSA, and pay it back faster than the minimum.</li><li>Big winners and corporate money last.</li></ol><p>Reasonable people swap a couple of these, and I go through why in the video.</p><p>Run the order on your own accounts, in your own province, at calmmoneycoach.com</p><p>I&#39;m Brian Orlando, CPA, in Halifax. Advice-only planning through Calm Money Coach. No products, no commissions.</p><p>The couple in the example is illustrative. Education only, not advice for your situation.</p><p><br></p>