RRSP to FHSA
It will soon be possible to transfer funds from an RRSP to a FHSA tax-free. However, the contribution limit is $8,000 annually, with a $40,000 lifetime limit.
TFHSA to FHSA
It isn’t possible to directly transfer funds from your TFSA to your FHSA. You’ll have to withdraw the money from your TFSA, then contribute it to your FHSA.
Make an appointment with one of our experts to find the best strategy for you.