Calculator

FHSA contribution room

Educational estimates using published CRA-style limits. Not tax advice.

AgeI have owned a home in CanadaYears the FHSA has been openUse 1 for the year it opened. Clear the box if it is not open yet.Unused room carried into this yearCapped at $8,000. A first year has none. CRA My Account shows the figure.Contributed before this yearContributed this year

Room left this year

$8,000

Started the year at $8,000: the $8,000 annual limit. This year's contributions are already subtracted.

Lifetime room still unused: $40,000
Years left in the 15-year window: 14

The most the rules allow in one calendar year is $16,000, and lifetime contributions stop at $40,000. The account also has to close by the end of the year you turn 71, if that comes first. Confirm the room in CRA My Account. This does not say whether to open an FHSA or how much to contribute.

Same dollars, different tax

Optional. A pre-tax amount, the bracket this year, and a later withdrawal bracket.

Pre-tax amountCombined bracket this year (%)Combined bracket at withdrawal (%)

Want this against your numbers?

Mosaic tracks your accounts and Charlie explains the Canadian-rules picture.

Get the free guide