Line 12906 – Taxable FHSA income – other
Other taxable first home savings account (FHSA) income includes the following:
- the amount of taxable distributions that you received in the year as a beneficiary upon the death of an FHSA holder
- the fair market value of any property in the FHSA that was used as security for a loan
- any property that remains in the deceased holder’s FHSA at the end of the exempt period you are entitled to as a beneficiary
Enter the amount from box 24, box 26, and box 28 of all T4FHSA slips.
Note
If the property in the FHSA ceases to be used as security for a loan, an amount may be deductible by the holder in that year. Enter your deduction (amount shown in brackets) on line 23200 of your return.
For more information about FHSAs, see First Home Savings Account (FHSA).
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