Free tool · No signup
FHSA room calculator
First Home Savings Account: how much room you have, how much is left until the lifetime cap, and when the clock runs out. Plain numbers.
Available 2026 room
$8,000
If you opened this year and haven’t contributed, you have a full $8,000 to use.
| Annual room since opening | $8,000 |
| Carry-forward room (unused from past years) | $0 |
| Maximum available this year | $8,000 |
| − You’ve already contributed | $0 |
| Room left for 2026 | $8,000 |
| Lifetime FHSA cap | $40,000 |
| Lifetime room left (cap − contributed) | $40,000 |
| Must close FHSA / move to RRSP by end of | 2041 |
Clear notes
The FHSA combines the best of TFSA + RRSP: contributions are tax-deductible (like RRSP), and withdrawals for a qualifying first home are tax-free (like TFSA). No payback like the RRSP Home Buyers’ Plan.
$8,000 per year, $40,000 lifetime maximum. Unused room rolls over — up to $8,000 of carry-forward at a time. The account must be closed or transferred to your RRSP within 15 years of opening, or by age 71, whichever comes first.
Carry-forward starts the year you open the account — not 2023 by default. Opening even an empty FHSA in 2023 to start accruing room was a smart move.
For the official limit and your personal contribution history, log in to CRA My Account.