THE 360 NEWSLETTER
The new First Home Savings Account (“FHSA”) was introduced this summer with a maximum annual investment amount of $8,000. With the increasing popularity of this type of account, we are anticipating an increase in requests to transfer funds from a nominee account to a client-name FHSA in the new year.
To ensure these transfers are completed timely and accurately, we invite you to reference the chart below, which outlines the documents required to complete the transfer depending upon the plan type in which the funds are coming from, as well as the coding that will be applied to both the transfer out and transfer in.
Should you require additional information, please contact our Client Services Team, by email at investia@investia.ca, by phone at 1-888-684-5548, or using the chatbot feature on the Advisor Centre.
Also in this issue
- Important Reminder – Payment of the Minimum Annual Amount – Deadline on November 24
- Important Reminder – RRSP to RRIF Transfers – Deadline on November 24
- Reminder – Morningstar Advisor Workstation – Subscription and Renewal for 2024
- New Feature in Univeris – Entry of Additional Taxes for Client-Name Redemptions
- System Maintenance – Univeris, Advisor Centre, Client Portal and Mobile App Downtime
- Virtual Water Cooler Series – Recording Link
- The Chronicles of our Cyber-Experts – Fraudulent Chrome Updates
- Alternative Minimum Tax Changes – What Your Client Needs to Know (PPI)