If you have funds in an investment account at an external institution, you can set up an institutional transfer to an FHSA at Wealthsimple. You can set up this transfer in-cash to either a managed or self-directed investing account. 

Specifically, you can set up any of the following in-cash transfers:

• FHSA (external) to FHSA (Wealthsimple)
• RRSP (external) to to FHSA (Wealthsimple)
• Spousal RRSP (external) to FHSA (Wealthsimple)

In-kind transfers into an FHSA are not available at this time. 

To set up your transfer, follow the steps below:

Step 1: Open an FHSA in your Wealthsimple profile

You’ll need to open an FHSA at Wealthsimple before you can begin the account transfer.

We cannot convert your account from one to the other, so make sure that you open the correct account type before initiating your transfer.

Step 2: Reach out to Wealthsimple’s support team

Once you’ve opened your FHSA at Wealthsimple, you will need to reach out to our support team with the following information: 

1. The account type you want to transfer from (FHSA, RRSP or Spousal RRSP)
2. The name of your financial institution

After we receive this information, our team will send you the appropriate form via DocuSign to initiate the transfer with your external institution. 

Transfer-out fee reimbursement

Transfers of at least $15,000 are eligible for a transfer-out fee reimbursement. Conditions apply. Learn more about our transfer fee reimbursement policy.

Related articles

• Request a transfer fee reimbursement