FHSA Contribution Room Calculator 2026
How much you can put in a First Home Savings Account in 2026, with carry-forward of unused room and the $40,000 lifetime limit.
Result
Room for 2026: CA$16,000.00Estimate
The account closes at the end of the 15th year after opening, at 71, or the year after your first home withdrawal, whichever comes first.
- Carried forward from earlier years
- CA$8,000.00Estimate
- Left of the $40,000 lifetime limit
- CA$32,000.00Estimate
- Account must close by the end of
- 2039
https://calcgallery.com/home-buying/fhsa-calculator/
Results are arithmetic from the figures you enter, not legal, tax, lending or settlement advice. Fees vary by state, lender and negotiation, and the site quotes none of them. Check your Loan Estimate, Closing Disclosure or settlement statement for the real numbers. Read the full disclaimer
How to use the FHSA Contribution Room Calculator 2026
- Enter the year you opened your first FHSA.
- Enter everything you contributed before 2026.
- Read how much you can put in during 2026.
The calculation
FHSA room comes in two parts: this year’s $8,000, and whatever you didn’t use before, capped at $8,000. Both are limited by what is left of the $40,000 lifetime limit.
unused = $8,000 × years open before 2026 − contributionscarry-forward = smaller of (unused, $8,000)room in 2026 = smaller of ($8,000 + carry-forward, $40,000 − contributions)Room starts only when the account is opened, so opening one early, even with nothing in it, starts the clock and builds carry-forward.
With your numbers
- $8,000 for this year plus unused room from earlier years, at most $8,000, within the $40,000 lifetime limit
Quick reference
The account closes at the end of the 15th year after opening, at 71, or the year after your first home withdrawal, whichever comes first.
| Example | Room for 2026 |
|---|---|
| Opened 2024, $8,000 in | CA$16,000.00 |
| Opened 2023, nothing in | CA$16,000.00 |
| Opened 2026 | CA$8,000.00 |
| Opened 2023, $24,000 in | CA$8,000.00 |
| Opened 2023, $36,000 in | CA$4,000.00 |
| Opened 2025, $4,000 in | CA$12,000.00 |
Where the numbers come from
The fixed figures this calculator relies on, and the published source each one was checked against. How the calculators are built and checked
1 source
CRA, First Home Savings Account, https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html
Used for
- FHSA annual participation room.
- FHSA lifetime contribution limit.
- FHSA: most unused room that carries forward.
Common questions about the FHSA Contribution Room Calculator 2026
- How much can I put in an FHSA?
- $8,000 a year, up to $40,000 over your lifetime. Contributions are deductible like RRSP contributions, and withdrawals to buy a first home are tax-free.
- How does carry-forward work?
- Room you don't use carries forward to the next year, but at most $8,000. So in any year you can contribute at most $16,000: $8,000 for the year and $8,000 carried forward. Room only starts building once you open an account.
- When does the account have to close?
- By the end of the 15th year after you opened your first FHSA, the year you turn 71, or the year after your first qualifying withdrawal, whichever comes first. Money left over can be moved to an RRSP without affecting your RRSP room.
- Can I use an FHSA with the Home Buyers' Plan?
- Yes. You can withdraw from an FHSA and use the RRSP Home Buyers' Plan for the same home.