FHSA Participation Room Calculator
Calculate your exact 2026 contribution room based on your account history. We automatically apply the $8,000 carry-forward cap rule so you don't have to guess.
Your 2026 Contribution Room
You get $8,000 of new room every year you have the account open.
Any unused room carries over, but there's a catch: you can only carry forward a maximum of $8,000.
($8k Current Year + $8k Carry-Forward)
Track it automatically
Stop calculating this manually based on memory. BalanceWise keeps a permanent history of your contributions and unused room.
Sign UpSign UpWhen to use it?
You should open and contribute to an FHSA as soon as you are eligible if you have any plans to buy a home in the future. Because contribution room only starts accumulating after you open an account, opening one early ensures you start banking that $8,000 annual room.
- You want to buy a home within 15 years
- You want to lower your taxable income now
Pitfalls to Avoid
The FHSA is powerful, but strict rules apply.
If you don't use your room, it carries forward, but only up to $8,000. If you have $16,000 of room and contribute nothing, you don't get $24,000 next year—you stick at $16,000.
The account must be closed by December 31 of the 15th year after opening, or by age 71. If unused, funds can be transferred tax-free to an RRSP.
Official Sources & Disclaimer
Disclaimer: This calculator provides an estimate based on the history you provide. We assume you met all eligibility criteria (e.g., Canadian resident, age 18+) for each qualifying year.
Always verify your official contribution room with the Canada Revenue Agency (CRA) via your My Account portal.