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Can I transfer money from my RRSP or TFSA to my FHSA?
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.
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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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