5000-S15 (Page 1 of 4) Protected B when completed T1-2025 Schedule 15 FHSA Contributions, Transfers and Activities Complete this schedule to calculate your first home savings account (FHSA) deduction for 2025 and any unused FHSA contributions available to deduct in future years. Also complete this schedule to let the Canada Revenue Agency know that you opened your first FHSA or became a successor holder in 2025. For more information about FHSAs and the terms used in this schedule, go to canada.ca/fhsa. Attach a copy of this schedule to your paper return. Before you start Note: The annual FHSA limit calculation has been updated to reflect legislative changes effective April 1, 2023. Gather your 2025 T4FHSA slips. If you opened an FHSA in 2023 or 2024, you will also need each of your annual FHSA participation room statements which are available in your CRA account. For information on how to find your statements in your CRA account, go to canada.ca/participating-fhsa. Your FHSA participation room statement may also be included with your notice of assessment (NOA), notice of reassessment (NOR), or Form T1028, Your RRSP, HBP, LLP, or FHSA Information for 2024 or 2025. How to complete this schedule Complete Step 1 if either of the following applies: - You opened your first FHSA in 2025 - You did not open an FHSA of your own in 2025 or a prior year, but you became a successor holder in 2025 For information about successor holders, go to canada.ca/death-fhsa. Complete Steps 2 and 3 if any of the following applies: - You made contributions to your FHSAs in 2023 or 2024 that you did not fully deduct on your 2023 or 2024 return (your unused FHSA contributions available to deduct in 2025 are shown on your 2025 FHSA participation room statement) - You opened an FHSA or became a successor holder in 2025 or a prior year and did any of the following in 2025: -- made contributions to your FHSAs -- transferred property from your registered retirement savings plans (RRSPs) to your FHSAs -- made designated withdrawals from your FHSAs to reduce or eliminate an excess FHSA amount -- made designated transfers from your FHSAs to your RRSPs or registered retirement income funds (RRIFs) to reduce or eliminate an excess FHSA amount Complete Step 4 if you made a qualifying withdrawal from your FHSAs in 2025 to buy or build a home. If you need help If you need help completing this schedule, go to canada.ca/income-tax-return- fhsa. 5000-S15 (Page 2 of 4) Step 1: Did you open your first FHSA in 2025? Line 68930: Tick this box if you opened your first FHSA in 2025 or became a successor holder in 2025 and did not open another FHSA of your own in 2025 or a prior year. ^ If you also made FHSA contributions, transfers, or withdrawals in 2025, continue at Step 2. Step 2: Calculate your annual FHSA limit for 2025 If your maximum participation period (MPP) ended in a prior year, do not complete this step. Your 2025 annual FHSA limit is "0". Enter "0" on line 40 and continue at Step 3. For more information about your MPP, go to canada.ca/closing-fhsa. Line 1 and line 68935: Total contributions made to your FHSAs in 2025 (box 18 of your 2025 T4FHSA slips) ^ Line 2 and line 68940: Total contributions made to your FHSAs in 2025 after your first qualifying withdrawal ^ Line 3: Line 1 minus line 2 = ^ Line 4: Variable "B" amount of your annual FHSA limit for 2024 (from your 2025 FHSA participation room statement) ^ Line 5: Line 3 plus line 4 = ^ Line 6 and line 68945: Total designated withdrawals from your FHSAs in 2025 (box 38 of your 2025 T4FHSA slips) ^ Line 7: Total contributions made to your FHSAs in 2024 (from your 2025 FHSA participation room statement) ^ Line 8: Contributions to your FHSAs in 2024 before your first qualifying withdrawal (from your 2025 FHSA participation room statement) ^ Line 9: Line 7 minus line 8 = ^ Line 10: Amount from line 2 ^ Line 11: Line 9 plus line 10 = ^ Line 12: Line 6 minus line 11 (if negative, enter "0") = ^ Line 13: Line 5 minus line 12 (if negative, enter "0") = ^ Line 14: 8,000.00 Line 15: Your FHSA carryforward for 2025 (from your 2025 FHSA participation room statement) ^ Line 16: Line 14 plus line 15 = ^ Line 17: Total transfers from your RRSPs to your FHSAs in 2024 and prior years (from your 2025 FHSA participation room statement) ^ Line 18 and line 68950: Total transfers from your RRSPs to your FHSAs in 2025 (boxes 32 and 34 of your 2025 T4FHSA slips) ^ Line 19: Line 17 plus line 18 = ^ Line 20: Total designated transfers from your FHSAs to your RRSPs or RRIFs in 2024 and prior years (from your 2025 FHSA participation room statement) ^ Line 21 and line 68955: Total designated transfers from your FHSAs to your RRSPs or RRIFs in 2025 (box 36 of your 2025 T4FHSA slips) ^ Line 22: Line 20 plus line 21 = ^ Line 23: Line 19 minus line 22 Net RRSP-to-FHSA transfer amount = ^ 5000-S15 (Page 3 of 4) Step 2: Calculate your annual FHSA limit for 2025 (continued) Line 24: Amount from line 23 of the previous page ^ Line 25: Amount from line 17 of the previous page ^ Line 26: Amount from line 20 of the previous page ^ Line 27: Net RRSP-to-FHSA transfer amount for 2024 and prior years: Line 25 minus line 26 = ^ Line 28: Variable "H" amount of your annual FHSA limit for 2024 (from your 2025 FHSA participation room statement) ^ Line 29: Line 27 minus line 28 (if negative, enter "0") = ^ Line 30: 8,000.00 Line 31: Your FHSA carryforward for 2024 (from your 2024 FHSA participation room statement) ^ Line 32: Line 30 plus line 31 = ^ Line 33: Enter whichever is less: amount from line 29 or line 32. ^ Line 34: Variable "F" amount of your annual FHSA limit for 2024 (from your 2025 FHSA participation room statement) ^ Line 35: Line 33 plus line 34 = ^ Line 36: Line 24 minus line 35 = ^ Line 37: Amount from line 16 of the previous page ^ Line 38: Amount from line 36 ^ Line 39: Line 37 minus line 38 (if negative, enter "0") = ^ Line 40: Enter whichever is less: amount from line 13 of the previous page or line 39. Annual FHSA limit for 2025 ^ Step 3: Calculate your FHSA deduction and unused FHSA contributions available to deduct in future years Line 41: Annual FHSA limit from line 40 ^ Line 42: Your total annual FHSA limits for 2024 and prior years (from your 2025 FHSA participation room statement) ^ Line 43: Line 41 plus line 42 = ^ Line 44: Your total FHSA deductions for 2024 and prior years (from your 2025 FHSA participation room statement) ^ Line 45: Line 43 minus line 44 = ^ Line 46: Lifetime FHSA limit 40,000.00 Line 47: Your FHSA deduction from line 44 ^ Line 48: Line 46 minus line 47 = ^ Line 49: Net RRSP-to-FHSA transfer amount from line 24 ^ Line 50: Line 48 minus line 49 (if negative, enter "0") = ^ Line 51: Enter whichever is less: amount from line 45 or line 50. Maximum FHSA deduction available for 2025 ^ 5000-S15 (Page 4 of 4) Step 3: Calculate your FHSA deduction and unused FHSA contributions available to deduct in future years (continued) Line 52: Your unused FHSA contributions available to deduct in future years (from your 2025 FHSA participation room statement) ^ Line 53: Amount from line 3 of page 2 ^ Line 54: Line 52 plus line 53 = ^ Line 55: Amount from line 12 of page 2 ^ Line 56: Line 54 minus line 55 = ^ Line 57: Enter the FHSA contributions you are deducting for 2025 (cannot be more than the amount on line 51 of the previous page). Enter this amount on line 20805 of your return. FHSA deduction for 2025 ^ Line 58: Line 56 minus line 57 Your unused FHSA contributions available to deduct in future years = ^ Note: If you have an excess FHSA amount or you contributed some or all of your unused FHSA re-participation room, you may not be able to fully deduct your unused FHSA contributions in future years. For more information, go to canada.ca/contribute-transfer-too-much-fhsa. Step 4: Did you make a qualifying withdrawal from your FHSA? Complete this part if you made a withdrawal from your FHSAs to buy or build a qualifying home. For more information about making qualifying withdrawals, go to canada.ca/withdrawal-transfer-out-fhsa. Line 59 and line 68960: Total amount of qualifying withdrawals made in 2025 (box 20 of your 2025 T4FHSA slips) ^ Line 68965: Tick this box if the address on page 1 of your return is the same as the address of the home that you bought or built under the FHSA. ^ See the privacy notice on your return.