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Can I open FHSAs at multiple financial institutions?
Yes, you can. Your total contributions to all your FHSAs must still respect the annual contribution limit of $8,000 and the lifetime limit of $40,000.
The details of opening an FHSA, like the 15-year period, apply as soon as you open your first account, regardless of which financial institution with which it was opened.
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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