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Level 2
March 29, 2024
Question

FHSA Overcontribution

  • March 29, 2024
  • 2 replies
  • 4 views

Client contributed 8001 to FHSA.  ProFile is not giving an error message.  Do I enter 8000 or 8001 on the T1?

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2 replies

Level 11
March 29, 2024

you enter the amount from the T4HSFA. If there is overcontribution it will be available to deduct in future years in S15

 

Level 11
March 29, 2024

you do not enter directly on the T1, the amount is entered on the slips T4FHSA and computed on S15