2026 contribution room · Tax refund · Tax-free growth
Total Contributions
Tax Refunds
Investment Growth
Final Balance
Tax-Free vs Taxable
Estimate only. Annual FHSA room is capped at $8,000 with $40,000 lifetime limit. Returns are not guaranteed.
Enter your annual FHSA contributions, tax rate, and expected investment return. This calculator estimates your tax deduction refund, your tax-free account growth, and the final amount available for a first-home purchase.
For 2026, the annual FHSA contribution limit is $8,000 and the lifetime limit is $40,000. You can carry forward unused room from prior years, up to $8,000, once the account is open.
An FHSA combines the best of both: contributions are tax-deductible like an RRSP, and qualifying withdrawals are tax-free like a TFSA. For a first home, it is usually the most efficient account.
You must be a Canadian resident, at least 18 years old, and a first-time homebuyer — meaning you did not own a home in the current year or the previous four calendar years.
Yes. You can combine a tax-free FHSA withdrawal with a Home Buyers’ Plan RRSP withdrawal, giving you more total capital for a down payment.