Calculator

How much FHSA room do you actually have?

Room starts the year you open the account, not the year you became eligible — and unused room carries forward only one year. That ceiling is what makes opening it early worth doing.

Year you opened your FHSA

Leave this blank if you have not opened one. Room does not accrue before the account exists — that is the single most expensive thing to get wrong about this account.

Contributed before last calendar year

Everything deposited up to the end of the year before last, across every institution.

Contributed during last calendar year

This is what decides how much room carries into this year. Contributing nothing last year is what makes $16,000 possible this year.

Contributed so far this calendar year

This year’s room is reduced by whatever has already gone in. Deposits only — growth does not count against the limit.

Most you can add this year

Enter the year you opened the account to see an estimate.

Lifetime room left: $40,000
Carried in from last year: —

This is an estimate

The authoritative figure is in your CRA My Account. Confirm there before contributing, particularly if you have held an FHSA at more than one institution.

Unused room carries forward one year at a time, to a maximum of $8,000. So the most that can go in during any single calendar year is $16,000 — opening early buys you one extra year of room, not an unlimited reserve.

How the FHSA works

Take this away as a PDF

A one-page summary of what you entered and what it works out to, built in your browser. Nothing is uploaded, and no copy reaches me unless you send it.

Your name (optional)

Printed on the document. Leave it blank and it prints without a name.

Limits verified against CRA publications on 2026-08-24.

Open it before you can afford to fund it.

An unfunded FHSA still accrues a year of room, and it costs nothing to hold. If a first home is anywhere in the plan, this is the cheapest twenty minutes available to you.

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