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Get Financial Hardship Unlocking Form Fhu 1 - Commission Des ... - Fsco Gov On
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How to fill out the Financial Hardship Unlocking FORM FHU 1 online
This guide provides clear, step-by-step instructions on how to fill out the Financial Hardship Unlocking FORM FHU 1 online. Designed for users with varying legal expertise, it aims to simplify the process of applying for funds due to financial hardship related to medical expenses.
Follow the steps to successfully complete the form online.
- Press the ‘Get Form’ button to access the Financial Hardship Unlocking FORM FHU 1 in the editor.
- Begin with Part 1, where you will need to provide personal information about yourself, including your last name, first name, and date of birth. Ensure all entries are accurate and complete.
- In this section, provide details about your locked-in account, including the name of the financial institution and your account number.
- Proceed to Part 2, where you will indicate who has the illness or physical disability. Select the appropriate checkbox ('Yourself,' 'Your spouse,' or 'Your dependant'). Provide additional details as needed.
- Estimate the maximum amount you wish to withdraw by calculating the smaller value between 50% of the Year’s Maximum Pensionable Earnings and your documented medical expenses.
- Input the amount you are applying to withdraw from your locked-in account, ensuring it meets the conditions stated in the instructions.
- Provide the address of the residence that has been or will be renovated due to medical expenses. This could be your own or that of a dependant.
- Complete Part 3, certifying your application. Ensure you read the User's Guide before signing to verify compliance with all requirements.
- If applicable, have your spouse complete Part 4 to consent to the withdrawal. This must be completed in front of a witness.
- In Part 5, submit the statement from a licensed physician or dentist validating the necessity of the claimed medical expenses or renovations.
- Lastly, review all entries for accuracy, then save, download, print, or share the form as needed.
Take the next step in managing your financial hardship by completing the Financial Hardship Unlocking FORM FHU 1 online today.
Depending on expected medical or disability-related expenditures, can unlock up to a maximum of 50% of the YMPE (or $33,300 in 2023) can be unlocked.
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