Schedule 15: T4FHSA First Home Savings Account

The federal Schedule 15 and T4FHSA for a First Home Savings Account (FHSA) are available for individuals who have opened a FHSA and either:

  • made contributions,
  • transferred amounts from a registered retirement savings plan (RRSP),
  • designated withdrawals or transfers from your FHSA to correct an overcontribution, or
  • made withdrawals from your FHSA to buy or build a home.

T4FHSA is a slip used to enter your reported contributions and withdrawals that your bank or broker reported to the government.

Schedule 15 must be completed to calculate your FHSA deduction for 2024 (if contributions were made), non-taxable and taxable income (if withdrawals were made), and/or carry forward the amount available for future years.