You need to enter your contributions before your deduction limit can be calculated. You’ll get a T4FHSA - First Home Savings Account Statement in the next few weeks which will have your total contributions, and once you enter the slip, TurboTax will adjust your deduction limit.
Where do I add my contributions? I can only see an area to add RRSP contributions. Does it go under that section?
As I mentioned before, FHSA contributions go on the T4FHSA. To get to the T4FHSA in TurboTax Online, use the “Find” tool (magnifying glass) to search for “T4F”. Select “T4FHSA - First Home Saving Account” from the list and then click the “Go” button.
This doesn't show up for me under the search bar... Is it because Wealthsimple (where I have my FHSA) hasn't uploaded the forms yet (end of February) and updated it with the CRA?
@jake_depo Are you using TurboTax Desktop or TurboTax Online? Are you preparing a 2024 return?
Hi, this is happening to me as well. I’m not seeing T4FHSA when searching for it. I’m using Turbo Tax Online.
From Tax Home, in your return, click on tax profile // edit. In the tax profile pages (2nd page), select the proper items in the FHSA section and click Continue (see screenshot).
Still from Tax Home, click on Registered savings plans // edit. In your registered savings plans profile, select the proper item related to FHSA and click Continue (see screenshot).
Next page will be where you can enter the T4FHSA (see screenshot).
Thank you for choosing TurboTax.