How to answer "If you opened your first FHSA in 2024, or if you have amounts from 2023 reported on a notice of assessment or a T1028 for 2024"? Neither option applies

tyragage629

I am trying to answer the question "Select if you opened your first FHSA in 2024, or if you have FHSA amounts from 2023 reported on a notice of assessment (NOA) or a T1028 for 2024". The two available options are: "I opened my first FHSA in 2024" or "I have FHSA amounts from prior years reported on a notice of assessment or a T1028". I opened my FHSA in 2023 and don't have any unclaimed amounts from prior years, so I don't think either of these options apply to me?

TurboTaxSusan

If you haven't made any contributions to your FHSA, then you'll still have a contribution limit that should be on your NOA. So, you would choose "I have FHSA amounts from prior years reported on a notice of assessment or a T1028".

tyragage629

Hi, thanks for your response. I actually have contributed the full amount for each year that I have had the FHSA.

TurboTaxSusan

You still would choose "I have FHSA amounts from prior years reported on a notice of assessment or a T1028". If the amounts on your NOA are zero, then just leave everything as zero.

How to answer "If you opened your first FHSA in 2024, or if you have amounts from 2023 reported on a notice of assessment or a T1028 for 2024"? Neither option applies

Seniors and students

Seniors and students

Seniors and students