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

Forum|Forum|10 months ago
May 7, 2025
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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".

tyragage629Author

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.