What are the annual and lifetime contribution limits for an FHSA?

The annual contribution limit is $8,000, up to a lifetime maximum of $40,000.

What happens if I don't buy a home within 15 years?

Unused FHSA funds can be transferred directly into an RRSP or RRIF completely tax-free without affecting your RRSP contribution room.

CanadáFirst Home Savings Account (FHSA $40,000 Lifetime)Finanças

Canada First Home Savings Account (FHSA) Tax Deduction & House Fund Calculator

Calculate your annual tax deduction and tax-free down payment fund with Canada's First Home Savings Account (FHSA): $8,000 annual contribution limit up to $40,000 lifetime cap (tax-deductible in, tax-free out for qualifying first home purchase).

Imóveis e Mercado Imobiliário Poupança e Depósitos Impostos e Taxas

Dados de Entrada

Em tempo real

Annual FHSA Contribution (CAD $ - Max $8,000/yr)

CAD $

Seleção rápida:

Years Saving in FHSA (Max $40,000 Lifetime Cap)5 yrs

1 yrs15 yrs

Your Marginal Income Tax Rate (%)35 %

20 %54 %

Expected Annual Investment Growth (%)6 %

1 %10 %

Resultado CalculadoFirst Home Savings Account (FHSA $40,000 Lifetime)

Total Tax-Free FHSA Home Down Payment Fund

45,097CAD $

Total Tax Refund Cheques Received from CRA

14,000 CAD $

Annual Tax Refund Saved Each Year (£/yr)

2,800 CAD $

Detalhamento do Cálculo

Cash Saved

40,000 CAD $

Tax-Free Growth

5,097 CAD $

CRA Tax Refunds

14,000 CAD $

Final Down Payment Pot

45,097 CAD $

Metodologia de Cálculo

Tax Refund = Annual Contribution * Marginal Tax Rate%. Total FHSA House Fund = Compounded annual contributions over savings timeline.

Aviso Legal e Educacional

An FHSA can stay open for up to 15 years or until the end of the year you turn 71. Unused room carries forward up to a maximum of $8,000 per year.

Esta calculadora destina-se a fins educacionais e informativos. Os resultados não constituem consultoria financeira ou jurídica vinculativa.

Perguntas Frequentes

Yes! First-time buyers can combine both their FHSA (up to $40k+ with growth) and the RRSP Home Buyers' Plan ($60,000) for a tax-free down payment.

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Dados de Entrada

Detalhamento do Cálculo

Metodologia de Cálculo

Aviso Legal e Educacional

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