Free · No signup · Private
FHSA Calculator (First Home Savings Account)
Free FHSA calculator: your room this year ($8,000 plus up to $8,000 carried forward, $40,000 lifetime), the tax refund from your deduction, and what the account could grow to before you buy.
Your FHSA
Your contribution room this year
$8,000
| You put in | $8,000 |
| Estimated tax refund | $2,400 |
| Lifetime limit left | $32,000 |
| Estimated balance in 5 years | $46,415 |
| Yearly limit | $8,000 |
| Max carry-forward | $8,000 |
| Lifetime limit | $40,000 |
| Account can stay open | 15 years (or until age 71) |
Contributions are tax-deductible like an RRSP, and a qualifying withdrawal for your first home is tax-free like a TFSA. Room only starts once you open the account.
Rules last checked October 2026. Not legal, tax or financial advice. 🔒 Everything stays on your device.
✅ Rules last checked:
📚 Official sources: CRA: FHSA
We build every tool from the official rules and re-check them when they change. Always confirm with the official source before you rely on a result.
🛠️ Spotted a mistake or an out-of-date rule? Tell us
Questions people ask
What is the FHSA limit?+
$8,000 a year and $40,000 in your lifetime. Up to $8,000 of unused room carries forward to the next year.
Does FHSA room build up before I open one?+
No. Room only starts in the year you first open an FHSA.
Can I use the FHSA and the RRSP Home Buyers' Plan together?+
Yes, for the same qualifying home purchase.