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Why start with an FHSA?
Save on taxes today
Grow your savings tax-free
Withdraw tax-free for your first home
How an FHSA Works
You may be eligible to open an FHSA if you:
- are a resident of Canada;
- are at least 18 years old; and
- are considered a first-time homebuyer.
Generally, you are considered a first-time homebuyer when you did not live in a home that you or your spouse or common-law partner owned during the current calendar year before opening the account or during the previous four calendar years. Eligibility rules can vary depending on your circumstances, so talk with us if you are unsure.
An FHSA is the account type—not the investment itself. Depending on your goals, timeline and comfort with investment risk, your FHSA may hold options such as:
- savings;
- term deposits;
- mutual funds;
- exchange-traded funds;
- stocks or bonds; and
- other eligible investments.
The current WCU page appropriately explains that FHSA investment options can range from term deposits to market-based investments.
Not sure where to begin?
We’ll help you choose an approach based on when you hope to buy, how much you want to save and how comfortable you are with fluctuations in your investment value.
Plans change. If you do not use your FHSA for a qualifying home purchase, you may generally transfer the funds directly to an RRSP or RRIF without immediate tax consequences and without using your existing RRSP contribution room. A withdrawal made for another purpose would generally be taxable.
An FHSA’s maximum participation period generally ends at the earliest of:
- the 15th anniversary of opening your first FHSA;
- the end of the year you turn 71; or
- the end of the year following your first qualifying withdrawal.
Frequently Asked Questions
Not before you open your first FHSA. Your first $8,000 of participation room begins in the year you open the account.
Yes. You may be able to use qualifying withdrawals from both programs toward the same home purchase.
Yes, but opening multiple accounts does not increase your annual or lifetime participation limits. Those limits apply across all your FHSAs combined.
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Meet the Team
Jordan Rederburg
B.A. Econ, CFP®
Senior Investment Specialist
Aviso Wealth
T 306 842 9553
Darla Brenholen
WC, CEA
Investment Specialist
Aviso Wealth
Clarissa Welsh
BBA
Investment Specialist
Aviso Wealth
Nik Patel
Investment Specialist
Aviso Wealth
I’m passionate about helping members understand and manage their financial futures. While many members have mastered basic banking, they often neglect to meaningfully plan for the future. Finding time in a busy day to tackle long-term goals and translating vague aspirations like “maybe retire at 60” or “help the kids with their education” into actionable roadmaps can feel daunting. Questions like “How much should I contribute to which accounts?”, “Should I prioritize investing or paying down debt?”, and “When should I take CPP?” can be overwhelming without guidance.
As a financial enthusiast, I genuinely enjoy empowering members to identify their dreams and create clear plans to achieve them. Having been with Weyburn Credit Union for over five years, I’ve had the joy of watching many of those plans come to fruition. The highlight of my day is hearing from members who are now in a stronger financial position and living out their hopes and dreams.
I am here to guide members through the often-overwhelming process of settling an estate, from managing assets to ensuring proper distribution in accordance with the decedent’s wishes. I work closely with members to ensure that every aspect of the estate is administered in line with legal requirements and the family’s intentions.
In addition to estate administration, I’m passionate about helping members take control of their finances through simple, effective budgeting. I’ve seen firsthand how overwhelming it can feel when your money seems to control you instead of the other way around. Learning how to budget was a game-changer for me, it gave me the confidence and clarity to prioritize what truly mattered in my life.
Now, I love helping members create budgets that align with their goals, empowering them to build a future they’re excited about, one step at a time. Whether it’s navigating estate matters or crafting a financial plan, I am committed to providing transparency, practical support, and personalized solutions to help members feel confident and in control.
I’m passionate about helping members feel confident and in control of their finances at every stage of life. Since moving to Weyburn in 2021, I’ve come to appreciate the way this community shows up for one another, and that sense of support is something I strive to bring into every conversation I have with members. I love breaking down the invisible barrier many people feel when it comes to investing, especially when their goals are constantly changing.
Investing truly “clicked” for me when I learned how registered products can be used strategically, not just to save, but to reduce taxes, plan estates, and move closer to meaningful goals. That shift changed how I think about money, and it’s the clarity I want to share with others. Whether we’re exploring mutual funds, term deposits, or a mix of both, I focus on building knowledge gradually so members feel confident in their decisions.
Becoming a parent in 2024 deepened my passion for helping families plan for their futures. Above all, I want members to feel calm, supported, and free to ask anything. You don’t need to know everything before you start, you just need a safe place to begin.
Nik has called Weyburn home for the past 15 years and appreciates the charm of “small towns and cities.” With 10 years of experience in the financial services industry and a mutual fund license since 2021, he brings both expertise and a personal touch to his work.
"I’m passionate about helping members feel confident and empowered when it comes to investing. I understand that, for many, the world of investing can feel overwhelming or intimidating I’ve been there myself. That’s why I focus on breaking down complex concepts into simple, actionable steps to help members take control of their financial future. Watching someone move from uncertainty to excitement about their investments is the most rewarding part of my job. My goal is to ensure every member feels equipped to make decisions that align with their goals and dreams, no matter where they’re starting from."
In his free time, Nik enjoys spending time with family and friends, playing chess with his daughter Krisha (who beats him yes, you read that right!), reading books, and staying updated on world affairs.
Tony Gill
BBA, CFP®, CIM®, CLU®, FCSI®
Senior Wealth Advisor - Aviso Wealth
Wealth Protection Specialist - Aviso Insurance Inc.
Senior Wealth Advisor - Aviso Wealth
Wealth Protection Specialist - Aviso Insurance Inc.
Sean Purdue
CFP®, FCSI, CIWM, CIM, CLU
Senior Wealth Advisor - Aviso Wealth
Wealth Protection Specialist - Aviso Insurance Inc.
T 306 842 9554
Wealth Protection Specialist - Aviso Insurance Inc.
Senior Wealth Advisor - Aviso Wealth
Wealth Protection Specialist - Aviso Insurance Inc.
Tony brings over 15 years of experience as a wealth advisor, offering personalized financial strategies that empower individuals and families to reach their financial goals. Through continuous education and a commitment to professional growth, Tony has earned some of the most respected designations in the industry, ensuring his clients receive the highest level of expertise and service.
“I’m passionate about helping people gain clarity and confidence in their financial futures. It’s incredibly rewarding to guide clients from uncertainty about retirement to a place where they feel secure in their financial path. My goal is to empower my clients with the knowledge and tools they need to make informed decisions and provide ongoing support as they navigate their financial journey.”
Tony and his wife, Nicole, have been happily married for 18 years and are kept on their toes by their sons, Jacob and Josh, who keep the family active with sports and other activities. An early riser, Tony begins each day with a CrossFit workout, and when he has free time, he enjoys catching the latest movies at the theatre with his family.
Link: CIRO Advisor Report
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Aviso Insurance Inc. offers financial planning, life insurance and investments to members of credit unions and their communities.
CFP®, FCSI, CIWM, CIM, CLU
Senior Wealth Advisor - Aviso Wealth
Wealth Protection Specialist - Aviso Insurance Inc.
Sean began his career in financial services in May 2003, focusing on consumer lending. In 2005, he followed his passion and transitioned into Wealth Management. Currently, Sean serves as a Wealth Advisor with Aviso Wealth. As a Certified Financial Planner (CFP®) with extensive experience, Sean provides comprehensive guidance to help clients navigate all aspects of their financial affairs.
Sean specializes in supporting small business owners and family farm operators who are increasingly building wealth within their corporations. His expertise in investment strategies and tax planning enables him to develop tailored solutions for corporate entities. Additionally, Sean has considerable experience managing the complexities of various pension plans.
Sean resides in Weyburn with his wife, Dawn, and their three children. In his free time, he enjoys traveling, camping, and actively participating in his children’s activities. Sean believes in making his community a better place. He has been active in a number of community initiatives and currently sits on the board of two local non-profit organizations.
Link: CIRO Advisor Report
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Aviso Insurance Inc. offers financial planning, life insurance and investments to members of credit unions and their communities.
