Free Canadian Home-Buying Tool · 2026

FHSA + HBP Down Payment Calculator

Stack the two best first-home tools in Canada: project your FHSA balance, add your maximum RRSP Home Buyers’ Plan withdrawal, and see exactly how far you are from the down payment you need.

Your Details

Max $8,000/year, $40,000 lifetime. Contributions are tax-deductible AND withdrawals for a first home are tax-free.
Up to $60,000 can come out tax-free under the HBP (must be repaid over 15 years).
Conservative default. Money needed within 5 years should not be in volatile investments.

Your Results

Projected Combined Down Payment
$0
Projected FHSA balance at purchase—
Max HBP withdrawal from projected RRSP—
Minimum down payment required (CMHC rules)—
20% down payment (no mortgage insurance)—
Surplus / shortfall vs minimum—
Your FHSA plan hits the $40,000 lifetime contribution cap before your purchase year — contributions stop counting after that, though growth continues.
Rules used: FHSA $8,000/yr, $40,000 lifetime; HBP max $60,000 per person; minimum down payment 5% on the first $500k, 10% on $500k–$1.5M, 20% at $1.5M+. Both spouses can each have an FHSA and HBP — a couple can roughly double these numbers.

Open the FHSA the right way — the order of steps matters.

Get the free FHSA Setup Guide — eligibility, opening steps, the deduction timing trick, and how couples stack two FHSAs. Your credit score then decides your mortgage rate — grab the Credit Score Fast Track guide next.

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Estimates for education only, using 2026 CRA limits ($33,810 RRSP dollar limit) and 2026 federal + provincial tax rates. Not tax, investment, or financial advice. Your exact RRSP deduction limit is on your CRA Notice of Assessment or in CRA My Account. Quebec figures reflect the federal abatement. Consult a qualified professional before acting.