UpFront Wealth

Canadian home buyer tool

Home Savings Planner

Plan your path to homeownership using Canadian programs like FHSA, HBP, and first-time buyer incentives.

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Estimate only. Savings and investment returns vary; investment returns are not guaranteed.

Canadian Programs

Up to $8,000/year and $40,000 lifetime. Contributions may be deductible; qualifying withdrawals are tax-free. No minimum holding period.

Withdraw up to $60,000 from your RRSP tax-free for an eligible home purchase. Repayment is required.

FHSA

Tax-Free
  • $8,000/year contribution limit
  • $40,000 lifetime maximum
  • Contributions are tax-deductible
  • Qualifying withdrawals are tax-free
  • No minimum holding period; qualifying withdrawal rules apply

Home Buyers' Plan (HBP)

RRSP
  • Withdraw up to $60,000 from RRSP tax-free
  • Repay over 15 years; first-payment year depends on withdrawal date
  • Unpaid amounts added to your income
  • Eligibility includes first-time buyers and some purchases for a specified disabled person

First-Time Home Buyers’ GST/HST Rebate

Current federal rebate
  • Up to $50,000 on eligible new homes priced up to $1 million
  • Rebate phases out between $1 million and $1.5 million
  • Builder agreements generally must be signed Mar 20, 2025–before 2031
  • First-time-buyer, occupancy, and other eligibility rules apply

First-Time Home Buyers' Tax Credit

CRA
  • $10,000 non-refundable tax credit
  • Up to $1,400 at the 2026 federal credit rate
  • Claim in the year you buy your home
  • Can split with spouse/partner

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