FHSA Calculator Canada
Track your First Home Savings Account (FHSA) contributions and remaining room. Free Canadian FHSA calculator; lifetime limit $40,000.
For official rules and more information, see Canada.ca: First Home Savings Account.
FHSA room
Lifetime limit $40,000; annual limit $8,000. Unused room does not carry forward.
Remaining lifetime room
$40,000
Used $0 of $40,000
Contributions by year
Frequently asked questions
The First Home Savings Account (FHSA) is a registered account for Canadian first-time home buyers. You must be 18 or older, a resident of Canada, and a first-time buyer (no home owned in the year you open it or the previous four years). You can open an FHSA at banks and other financial institutions.
The FHSA has an $8,000 annual contribution limit and a $40,000 lifetime limit. Unused annual room does not carry forward. This calculator helps you track how much you have contributed by year and how much room remains.
Yes. You can use the Home Buyers’ Plan (RRSP) and the FHSA for the same purchase if you qualify. The FHSA has a $40,000 lifetime limit and tax-free withdrawals for a qualifying first home; RRSP HBP has different rules. Use the FHSA and RRSP calculators to plan contributions to both.
No. Unlike the TFSA, unused FHSA annual room does not carry forward. If you do not contribute the full $8,000 in a year, you cannot add that unused amount to future years. The lifetime cap remains $40,000.