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.