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Savings | Modification to the EVO new issue tool

April 22, 2025

Savings | Modification to the EVO new issue tool
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As of April 22, the “No contribution” option will be removed from the “Type of contribution” menu of the EVO new issue tool for all available registration types except for the FHSA.

What are the advantages of being able to open an FHSA without contributing at issue?

  • It enables clients to quickly start their participation period
  • The annual $8,000 contribution rights start to accumulate the year the contract was issued

How to see this modification in EVO?

 

Current options

 

EVO - contributions - current options

 

After the modification (except for FHSA)

 

EVO - Contributions - after modification_Except FHSA

 

Questions? Consult your EVO FAQ

 

Topic : Savings

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