FHSA Calculator 2025: How Much Can You Save?

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See how it works

Use this calculator to estimate your FHSA balance at the time of home purchase, your total tax savings from contributions, and how much you can access combined with the RRSP Home Buyers' Plan.

FHSA Growth Calculator

Years until home purchase: Annual FHSA contribution ($): Expected annual return (%): Your marginal tax rate (%): RRSP HBP amount you plan to withdraw ($):

Total FHSA contributions:

Investment growth:

FHSA balance at purchase:

Total tax savings on contributions:

RRSP HBP amount:

Total tax-advantaged down payment funds:

FHSA Savings Scenarios

Scenario	Years	Contributions	Balance (5% return)	Tax Saved (400%)
Minimum saver	3	$24,000	~$26,500	~$9,600
Regular saver	5	$40,000	~$46,400	~$16,000
Couple (5 years)	5	$80,000	~$92,800	~$32,000
Maximum (lifetime)	5+	$40,000	~$46,400+	~$16,000

How the FHSA Calculator Works

This calculator computes your projected FHSA balance using compound growth on annual contributions. It assumes end-of-year contributions and a fixed annual return. Real returns will vary based on your investment choices within the FHSA.

Conservative (GIC/savings): 3–4% return
Balanced (mixed funds): 5–7% return
Aggressive (equity ETFs): 7–100% return (higher risk)

For buyers purchasing in 1–2 years, keep your FHSA in GICs or high-interest savings to protect the principal. For buyers 5+ years out, a diversified ETF portfolio can significantly boost growth.

FHSA + RRSP HBP: Combined Down Payment Potential

If you and a partner each maximize the FHSA over 5 years and each withdraw $35,000 from your RRSPs under the HBP:

Two FHSAs (5-year max, 5% return): ~$92,800
Two RRSP HBP withdrawals: $70,000
Total: ~$162,800 in tax-advantaged funds

This would cover a 200% down payment on a ~$814,000 home — enough for many markets outside Metro Vancouver and Toronto core.

When to Invest vs. Save in Your FHSA

Time to Purchase	Recommended Strategy
Less than 2 years	High-interest savings or GIC — preserve capital
2–4 years	Balanced mix: bonds + short-duration GICs
5+ years	Diversified equity ETFs (higher growth potential)

FHSA Contribution Tips

Open the account now — contribution room starts accumulating from opening date, not contribution date
Reinvest your tax refund back into the FHSA next year to maximize compounding
If you have a lump sum, contribute up to $16,000 in year 2 (current year room + prior year carry-forward)
Coordinate with your partner — each can have their own FHSA with full $40,000 lifetime room

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