Income Tax Regulations
219 (1) An issuer of a FHSA shall make an information return for each calendar year in prescribed form and manner in respect of the FHSA.
(2) An issuer of a FHSA shall make an information return in prescribed form and manner in respect of any calendar year in which one or more of the following occurs:
(a) the holder makes a contribution to the FHSA;
(b) an amount has been transferred to the FHSA from an RRSP under which the holder is an annuitant;
(c) an amount is required to be included in the income of a taxpayer under section 146.6 of the Act;
(d) the holder makes a qualifying withdrawal from the FHSA; or
(e) the holder designates an amount under the definition designated amount in subsection 207.01(1) of the Act.
(3) An issuer of a FHSA that governs a trust shall notify the holder of the FHSA in prescribed form and manner before March of a calendar year if, at any time during the preceding calendar year,
(a) the trust acquires or disposes of property that is a non-qualified investment (as defined in subsection 207.01(1) of the Act) for the trust; or
(b) property held by the trust becomes or ceases to be a non-qualified investment (as defined in subsection 207.01(1) of the Act) for the trust.
- [NOTE: Application provisions are not included in the consolidated text
- see relevant amending Acts and regulations.]
- 2022, c. 19, s. 76
- Date modified: