First Home Savings Account Calculator

Discover how much you can save towards the purchase of your first home by investing in a FHSA with the First Home Savings Account calculator.

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Discover more about how this Canadian registered plan works.

A first home savings account is a Canadian registered plan which allows you, if you are a first-time home buyer, to save to buy or build a qualifying first home tax-free, up to certain limits.

The First Home Savings Account calculators compares two scenarios and considers the current value of your FHSA, how often you plan to contribute, for how many years and the rate of return.

Limits

With an annual tax-deductible contribution limit of $8,000, you can save up to a maximum down payment of $40,000 towards the purchase of a new home.

Combine Plans to Save More

First Home Savings Account can be used together with the Home Buyers’ Plan. Combine the two savings plans to purchase the same qualifying home.

First Home Savings Account Calculator

Companion Infographic

The First Home Savings Account infographic illustrates the current contribution limits, what investments are eligible, and how the registered plan works. It’s a perfect companion piece to the First Home Savings Account calculator and is available in FreshPlan software or as a fully branded stand alone piece to connect with clients.

Features

Consumer-facing
These consumer-facing financial calculators can be embedded in your web site quickly and easily.

Responsive
Calculators are easy-to-use and fully responsive on any device – phone, tablet, laptop or desktop.

Full Branding
Calculators can be fully branded according to your branding style guide. You’ll be up and running with a quick turnaround.

The calculators below can be viewed for free up to five (5) times.
To use the full-featured versions of these calculators in FreshPlan, please contact us.

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