FHSA contribution room calculator
Estimate First Home Savings Account room and carry-forward planning.
Estimate First Home Savings Account room and carry-forward planning.
Estimate First Home Savings Account room and carry-forward planning.
The First Home Savings Account (FHSA) gives you $8,000/year of tax-deductible contribution room with a $40,000 lifetime cap. Unlike RRSP, there's no 60-day grace period — the deadline for 2025-tax-year contributions was December 31, 2025. Pair this with our FHSA tax filing walkthrough and the FHSA vs RRSP vs TFSA comparison.
Earliest possible year is 2023 (FHSA launched April 1, 2023).
Across every FHSA you've ever opened (combined).
| Rule | 2026 amount |
|---|---|
| Annual contribution limit | $8,000 |
| Maximum carry-forward (one year only) | $8,000 |
| Maximum any single year | $16,000 |
| Lifetime contribution limit | $40,000 |
| Account lifespan | 15 years from opening (or age 71) |
| Tax deduction year deadline | December 31 (no 60-day grace period) |
Free 2026 calculator that tells you exactly how much you can put into your First Home Savings Account this year, including unused carry-forward room. Uses CRA's 2026 rules: $8,000 annual, $40,000 lifetime, max one extra year of carry-forward.
Q
What is my FHSA contribution room for 2026?
A
Your 2026 FHSA contribution room is $8,000 plus up to $8,000 of unused room carried forward from prior years — so a maximum of $16,000 in any single year. The lifetime cap is $40,000. Room only starts accruing the year you open your first FHSA, so opening one (even with $0) is the single best free move you can make.
Last reviewed 2026-04-21