UpFront Wealth
2026 Tax Year

FHSA Calculator

See how much your First Home Savings Account could grow, how much you'll save in taxes, and how it compares to the RRSP Home Buyers' Plan.

All Tools

Annual Limit

$8,000

Per year (unused room carries forward up to $8K)

Lifetime Limit

$40,000

Maximum total contributions

Must Use Within

15 Years

Or transfer to RRSP (no new room created)

Your Details

$

Max $8,000/year, $40,000 lifetime

1-15 years (FHSA must be used within 15 years)

%

Historical Canadian balanced portfolio: 5-7%

$

Used to calculate your tax deduction savings

Your Marginal Tax Rate (Federal + Provincial)

29.6%

Each $8,000 FHSA contribution saves you approximately $2,372 in taxes

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