Gillian, 35, is a public servant who maxes out her tax-free savings account (TFSA), registered retirement savings plan (RRSP), and first home savings account (FHSA) each year. She has some money in savings but is unsure of her next financial moves.
Gillian has about $81,000 set aside in a chequing account for a down payment, plus $33,000 in a FHSA, and her partner also has $125,000 set aside. They plan to purchase a home in the next one to three years. Right now, they’re renting a one-bedroom apartment in Markham, but want to have a family. Gillian is completely debt-free and pays off her credit card in full each month.
