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Can I contribute to my spouse's or child's FHSA?
Only the holder of the FHSA can claim the related tax deductions. Therefore, you cannot contribute to someone else's FHSA and take advantage of its tax benefits.
Your spouse or child can use funds you have contributed to their FHSA. However, you will not be able to take advantage of the tax advantages associated with this operation.
Related questions
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What investments are available with the FHSA? Your FHSA lets you invest the same way as other savings plans such as the TFSA or RRSP. Discover all the available investments. -
I maximized my TFSA for the year. Can I contribute to my FHSA? You can contribute to your FHSA even if you’ve maxed out your TFSA for the year. -
How do I open and contribute to an FHSA? You can open an FHSA by contacting us and contributing to it from your online bank. Here's how. -
I no longer want to use my FHSA for a house. What should I do? You can transfer your funds from an FHSA to an RRSP or RRIF. See all the details. -
I just immigrated to Canada. Can I open an FHSA? If you’ve just immigrated to Canada, you can open an FHSA if you meet the eligibility criteria. Discover them in detail.
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