All calculators
FHSA StackerFirst Home Savings AccountLive
Current FHSA balance
$
$0$40,000
Monthly contribution
$
$0$3,000
Expected annual return
%
0%12%
Savings timeline
FHSA contributions are tax-deductible up to $8,000/yr (unused room carries forward, to a max $8,000 top-up), with a $40,000 lifetime cap. Qualifying first-home withdrawals are tax-free. This projection holds contributions to those limits.
Live analysis
Projected FHSA balance$34,003
Total contributions$30,000
Tax-free growth$4,003
Lifetime room left$10,000
Breakdown
Starting balance$0
Monthly contribution · capped at $8,000/yr$500/mo
Expected return5.00%
Timeline5 years
Balance by year
| Year | Balance | Contributed | Growth |
|---|---|---|---|
| 1 | $6,139 | $6,000 | $139 |
| 2 | $12,593 | $12,000 | $593 |
| 3 | $19,377 | $18,000 | $1,377 |
| 4 | $26,507 | $24,000 | $2,507 |
| 5 | $34,003 | $30,000 | $4,003 |
Tax-free growth assumes a qualifying first-home withdrawal. An FHSA has a 15-year / age-71 participation limit. Confirm current rules with the CRA.