In 2025 the answer to this question is yes only if you turned 71 or you made a qualifying withdrawal in 2023.

Maximum participation period begins when you open your first FHSA and ends on December 31st of the year in which the earliest of the following events occur:

• the 15th anniversary of opening your first FHSA,
• you turn 71 years of age,
• the year following your first qualifying withdrawal from your FHSAs,

Learn more from the CRA.