🇨🇦 Canada FHSA Calculator
Estimate your First Home Savings Account (FHSA) growth in Canada. See how annual contributions of up to $8,000, tax deductions, and tax-free investment returns can help you save for your first home faster.
Contexte de la Regle Regionale
Canada Taux et Regles
Entrez les valeurs
Maximum $8,000 per year
FHSA can stay open for up to 15 years
Your combined federal and provincial marginal rate
Resultat
Entrez les valeurs ci-dessus et cliquez sur Calculer pour voir votre resultat.
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Avis : Avis : Ce calculateur utilise les regles publiques en vigueur a la date indiquee. Les resultats sont a titre informatif uniquement. Verifiez aupres des sources officielles. Derniere verification: 1 mars 2026.
Formule
Each annual FHSA contribution grows tax-free at the expected rate of return. Contributions are tax-deductible at your marginal rate, and withdrawals for a qualifying home purchase are completely tax-free.
Questions Frequentes
How much can I contribute to an FHSA each year?
The annual FHSA contribution limit is $8,000. Unused contribution room carries forward to the next year, up to a maximum of $8,000 carry-forward. The lifetime limit is $40,000.
What is the tax benefit of an FHSA?
FHSA contributions are tax-deductible like an RRSP, investment growth is tax-free like a TFSA, and withdrawals for a qualifying first home are completely tax-free. It combines the best features of both accounts.
Who qualifies for an FHSA?
You must be a Canadian resident, at least 18 years old (19 in some provinces), and a first-time home buyer. You cannot have lived in a home you owned in the current year or the previous four calendar years.
What happens if I do not buy a home?
If you do not use the FHSA for a home purchase, you can transfer the balance to an RRSP or RRIF without affecting your RRSP room. Alternatively, you can make a taxable withdrawal. The account must be closed within 15 years of opening.
Can I have both an FHSA and an RRSP?
Yes. FHSA and RRSP are separate accounts with separate contribution limits. You can also transfer RRSP funds to an FHSA (counts against your FHSA room but you get the tax-free withdrawal benefit). FHSA contributions do not reduce your RRSP room.
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