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.