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Level 2
May 24, 2025
Question

CRA deducted only 8k from my net income for my contributions in my FHSA but i contributed 8k in 2023 and 8k in 2024, why did they reduce my deduction?

  • May 24, 2025
  • 3 replies
  • 12 views
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    3 replies

    TurboTax_Susan
    Alumni - Intuit
    May 26, 2025

    Did you already claim the 8k deduction for 2023 on your 2023 return? Did you contribute to your FHSAs by transferring amounts from your RRSPs?

     

     

    Level 2
    May 26, 2025

    i did not claim anything in 2023 for FHSA and none of the FHSA amounts come from RRSPs. I tried to claim the full 16k in 2024.

    TurboTax_Susan
    Alumni - Intuit
    May 26, 2025

    Did you put your 2023 T4FHSA on your 2023 and then carry forward the deduction?