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FHSA | Opening of contributions

December 7, 2023

Good news! Starting December 11, your clients will be able to contribute to their FHSA in the HISA. Those who contribute by December 31, 2023, will be able to benefit from a tax deduction for 2023.

There are several possibilities for transfers between FHSAs and other savings plans. The following transfers are possible from December 11, 2023 and March 11, 2024:

FHSA transfers VF

Note: Before requesting the transfer, open your contract in EVO Savings.

Otherwise, it is preferable for your clients who wish to open an FHSA to do so in 2023. This way, they can secure their contribution room for the year and contribute up to $16,000 in 2024.

All investment options (segregated funds, GIFs, etc.) and investment instructions will be available starting March 11, 2024.

 

EVO - New Issue in 9 minutes

To ensure faster processing times, EVO is the best solution for opening an FHSA. Nine minutes is all it takes to sign up, signature included!

 

Contribution tool

To facilitate transactions, invite your clients to use the contribution tool or the iA Mobile app.

 

2023 contributions - Important dates

To guarantee processing within year-end deadlines, transactions must be submitted and/or approved by the following dates:

Transaction type Deadline - 2023 client taxation
Electronic transaction
EVO New issue with regular PAD

Confirmed by advisor after electronic signature by the client no later than:

Thursday, December 21, 2023 at 4:00 pm (Eastern Time)

EVO New issue and EVO contribution with immediate one-time PAD    

Confirmed by advisor after electronic signature by the client no later than:

Friday, December 29, 2023 at 4:00 pm (Eastern Time)

Paper transaction
Regular PAD request

Friday, December 15, 2023 at 4:00 pm (Eastern Time)

Inter-contract request

Wednesday, December 20, 2023 at 4:00 pm (Eastern Time)

Immediate one-time PAD request

Thursday, December 21, 2023 at 4:00 pm (Eastern Time)

Exceptionally, FHSA tax slips for 2023 deposits will be produced exclusively in paper form and will not be available in My Client Space.

 

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Contest - Your conversation starter

Your clients have until March 11, 2024 to enter for a chance to win $8,000 by opening an FHSA, no contribution required.

 

Topic : Savings

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