FHSA / Down Payment Planner

Plan your down payment and closing-cost savings.

Use this to estimate whether your current savings plan is on track for your down payment and closing-cost buffer.

Planning estimateWindsor-Essex guidanceConfirm before relying on results

Target down payment Current savings Monthly contribution Years until buying Expected annual growth (%) Previous FHSA lifetime room used (contributions and RRSP transfers) Current available FHSA participation room FHSA tax rate estimate (%) Combined RRSP Home Buyers' Plan funds available Other regular savings Closing-cost buffer

Enter the available FHSA participation room from your latest CRA statement, minus any FHSA contributions or RRSP-to-FHSA transfers made since that statement. Include both previous FHSA contributions and previous direct RRSP-to-FHSA transfers in the lifetime room used amount. The projection starts this month, applies requested contributions against that room, adds $8,000 in each new calendar year, carries forward up to $8,000 of unused room, and never exceeds the standard $40,000 lifetime limit. It models standard FHSA participation room and does not model uncommon FHSA re-participation-room situations.

The current RRSP Home Buyers' Plan limit is up to $60,000 per eligible participant. Eligible joint buyers may each qualify. Eligibility and available RRSP funds must be confirmed.

.calculator-button{display:none}JavaScript is required to use this calculator. With JavaScript enabled, calculations occur locally in your browser and are not submitted.

These tools are educational estimates only. Final numbers can vary based on lender approval, insurance, property type, legal review, closing adjustments, market conditions, and professional advice.

Estimated Savings Plan

Enter your numbers to estimate a planning result.

Enter your numbersThen calculate

Planning estimateNot advice