Filling out the T4FHSA slip
Find out how to fill out the T4FHSA slip.
For a copy of the T4FHSA slip, First Home Savings Account Statement, go to T4FHSA slip, First Home Savings Account Statement.
How to fill out the T4FHSA slip
You must file your annual information return electronically, do not send us the paper copy of the slips. For more information about filing methods, go to How to file the T4FHSA annual information return.
Report amounts in Canadian dollars and cents. For each T4FHSA slip you prepare, fill out boxes 18 to 38 as they apply. The amount you enter in each of the boxes 18 to 38 is the gross amount before deducting tax or any other deductions.
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Recipient’s name and address
Enter the recipient’s last name, first name and initial(s). Each slip must only have the name of one recipient. Do not enter the recipient's title, such as Director, Mr. or Mrs.
Enter the recipient's address, including the province or territory and postal code.
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Year
Enter the four digits of the calendar year being reported.
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Box 12 – Social insurance number
Enter the recipient’s social insurance number (SIN).
If the recipient has not provided a SIN, enter nine zeroes. For more information, go to Failure to provide information on a return.
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Box 14 – FHSA contract number
Enter the unique number the issuer has assigned to the holder's FHSA.
The successor holder’s FHSA contract number is the same as the deceased holder’s FHSA contract number.
Do not report the FHSA contract number for a beneficiary when an amount is reported in box 24 or box 26.
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Box 16 – FHSA identification number
Enter the number the Canada Revenue Agency (CRA) has assigned to your specimen plan.
Do not provide your FHSA identification number (box 16) on the copies you give to the recipient.
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Box 60 – Name of payer (issuer) of plan
Enter the full name of the FHSA issuer who remits the withholding tax to the CRA.
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Box 61 – Payer (issuer's) account number
Do not provide your account number (box 61) on the copies you give to the recipient.
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Box 18 – Contributions
Enter the amount contributed by the holder to the FHSA in the year.
Do not report an amount in box 18 if no contributions were made.
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Box 20 – Qualifying withdrawals
Enter the amount withdrawn from the FHSA in the year by the holder to buy or build a qualifying home.
Do not report an amount in box 20 if no qualifying withdrawals were made.
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Box 22 – Taxable withdrawals
Enter the amount withdrawn by the holder from the FHSA for any purpose other than qualifying withdrawals, designated amounts or FHSA amounts otherwise included in the income of the holder.
Do not report taxable withdrawals made by non-residents in box 22. For non-residents, use income code – 74 Taxable FHSA withdrawals on the NR4. For more information, go to T4061 NR4 - Non-Resident Tax Withholding, Remitting, and Reporting.
Do not report an amount in box 22 if no taxable withdrawals were made.
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Box 24 – FHSA beneficiary distributions received
Enter the amount received by a beneficiary upon the death of an FHSA holder.
Do not report FHSA beneficiary distributions received by non-residents in box 24. For non-residents, use income code – 75 FHSA beneficiary distributions received on the NR4. For more information, go to T4061 NR4 – Non-Resident Tax Withholding, Remitting, and Reporting.
Do not report an amount in box 24 if a beneficiary distribution was not received.
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Box 26 – Amount deemed received on FHSA cessation
If the holder of the FHSA is not deceased, enter the fair market value (FMV) of all the property of the FHSA immediately before cessation of the FHSA.
If the holder is deceased, enter the proportion of the FMV of all property of the FHSA immediately before cessation that the beneficiary is entitled to.
Do not report amounts deemed received on FHSA cessation by non-residents in box 26. For non-residents, use income code – 76 Amount deemed received on FHSA cessation on the NR4. For more information, go to T4061 NR4 – Non-Resident Tax Withholding, Remitting, and Reporting.
Do not report an amount in box 26 if an amount was not deemed received on FHSA cessation.
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Box 28 – Security for a loan
Enter the FMV of the property of the FHSA used as security for a loan, at the time it is used as security. If an FHSA property ceases to be used as security for a loan, an amount may be deductible by the holder in the year the property ceases to be security for a loan.
Enter any applicable deduction in brackets.
Do not report an amount in box 28 if an amount was not used as security for a loan.
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Box 30 – Income tax deducted
Enter the amount of income tax you deducted. The issuer must withhold tax from all payments (including taxable withdrawals and FHSA beneficiary distributions).
Do not report an amount in box 30 if you did not deduct income tax.
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Box 32 – RRSP transfers in
Enter the amount transferred from registered retirement savings plans (RRSPs) to the FHSA by the holder.
Do not report an amount in box 32 if an amount was not transferred from an RRSP to the FHSA.
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Box 34 – Spousal RRSP transfers in
Enter the amount transferred from spousal RRSPs to the FHSA by the holder.
Do not report an amount in box 34 if an amount was not transferred from a spousal RRSP to the FHSA.
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Box 36 – Designated – RRSP/RRIF transfers out
Enter the amount designated by the FHSA holder to reduce or eliminate an excess FHSA amount by transferring an amount from their FHSAs to their RRSPs or RRIFs.
Do not report an amount in box 36 if an amount was not designated as an RRSP/RRIF transfer out.
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Box 38 – Designated – withdrawals
Enter the amount designated by the FHSA holder to reduce or eliminate an excess FHSA amount through a tax–free withdrawal.
Do not report an amount in box 38 if an amount was not designated as a designated withdrawal.
How to distribute the T4FHSA slip
You must provide recipients their T4FHSA slips by the last day of February following the calendar year to which the slips apply.
You can distribute T4FHSA slips using a secure portal without obtaining written or electronic consent from the recipients before distributing the slips. With written or electronic consent from the recipient, you can distribute T4FHSA slips by email. If you are distributing slips electronically, only one copy of the slip needs to be provided to the recipient.
If the recipient cannot reasonably be expected to have access to the T4FHSA slips in electronic format at the time the slips are issued or when the recipient requests it, you must provide two copies of the slip, in paper format, to the recipient in person or by mail.
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