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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
  • 1 reply
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    1 reply

    TurboTaxSusan
    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?

     

     

    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.

    TurboTaxSusan
    May 26, 2025

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