FHSA deduction – Personal income tax
- Line 20805
- Tax year: 2025| Prior tax years: 2024 and earlier
The first home savings account (FHSA) is a registered plan to help individuals save for their first home.
Contributions to an FHSA are generally deductible and can be used to reduce your income tax.
The contribution period for your FHSAs is the calendar year (January to December).
Who must report this amount
You cannot use any contributions that you made in 2026 as an FHSA deduction on your 2025 return.
For more information about FHSAs, refer to First Home Savings Account (FHSA).
How to report this amount
The contributions you make to your FHSAs may be deductible on your income tax and benefit return for the year of the contribution or a future year.
Completing your tax return
Complete Schedule 15, FHSA Contributions, Transfers and Activities, to calculate your FHSA deduction and enter the result on line 20805 of your return.