Free calculator
FHSA + HBP Stack Planner
Maximize your first-time home buyer benefits by strategically stacking FHSA and HBP programs. Calculate your optimal strategy for Canadian first-time home purchase.
Up to $200K
Combined FHSA + HBP for couples
Tax Optimized
FHSA deductions + tax-free withdrawals
Strategic Planning
Optimal timing and contribution strategy
🏠💰 FHSA + HBP Stack Planner
Maximize your first-time home buyer benefits by stacking FHSA and HBP programs
🏡 Property Information
👤 Buyer 1 Information
Enter FHSA contributions, not investment growth: the $40,000 lifetime limit applies to contributions, and growth inside the FHSA is also tax-free when withdrawn for a qualifying home.
👥 Buyer 2 Information
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Strategic Planning
Optimize your FHSA contributions and HBP withdrawals for maximum benefit and minimal tax impact.
Competitive Rates
Access competitive mortgage rates and terms from major Canadian lenders and credit unions.
Full Service
Complete mortgage application support from pre-approval to closing, including documentation assistance.
Current Information: FHSA and HBP limits and rules as of October 8, 2026. Subject to change by the Government of Canada.
Understanding FHSA + HBP Stacking Strategy
🏠 First Home Savings Account (FHSA)
- $8,000 annual contribution limit
- $40,000 lifetime maximum
- Up to $8,000 of unused room carries forward
- Tax-deductible contributions
- Tax-free withdrawals for first home
- Investment growth is tax-free
💰 Home Buyers' Plan (HBP)
- $60,000 maximum per person
- $120,000 total for couples
- No tax on the withdrawal if you repay on schedule
- 15-year repayment period
- Repayments start the 2nd year after the withdrawal year (5th year for first withdrawals made 2022 to 2028)
🎯 Strategic Stacking Benefits
- Up to $200,000 for couples, plus FHSA growth
- Optimize tax benefits
- No mortgage default insurance needed with 20% down
- Strategic withdrawal timing
- Professional guidance available
💡 Optimal Stacking Strategy
Maximize FHSA First
Use your $40,000 of FHSA contribution room for its tax deduction and tax-free withdrawal
Supplement with HBP
Use RRSP funds strategically via HBP for additional down payment requirements
Plan Repayments
Budget for HBP repayments to avoid tax consequences and maintain RRSP growth
Frequently Asked Questions
What is FHSA and how does it work with HBP?
The FHSA (First Home Savings Account) allows $8,000 of contributions a year (max $40,000 lifetime) with tax deductions and tax-free qualifying withdrawals. The HBP (Home Buyers' Plan) lets each person withdraw up to $60,000 from their RRSPs. You can use both for the same home, so a couple can access up to $200,000 plus any FHSA investment growth.
Can I use both FHSA and HBP together?
Yes. You can make a qualifying FHSA withdrawal and an HBP withdrawal for the same home, as long as you meet the conditions of each. FHSA withdrawals never have to be paid back, while HBP withdrawals must be repaid to your RRSP, so many buyers use the FHSA first and the HBP to top up.
What are the current FHSA limits for 2026?
The FHSA limits are $8,000 a year and $40,000 lifetime per person. Up to $8,000 of unused room carries forward to the next year, so you can contribute up to $16,000 in a single year. Each partner opens their own FHSA, so a couple can contribute $80,000 in total.
What are the HBP limits and repayment requirements?
The HBP allows withdrawing up to $60,000 per person ($120,000 for couples) from RRSPs. You repay it over 15 years. Repayments normally start the second year after the year of your first withdrawal, but for a first withdrawal made from 2022 to 2028 they start the fifth year after. Any required repayment you miss is added to your income for that year.
Who qualifies as a first-time home buyer in Canada?
Generally, you are a first-time home buyer if, in the current calendar year or the previous four calendar years, you did not live as your principal residence in a home that you owned or jointly owned. For opening an FHSA and for the HBP, a home your current spouse or common-law partner owned and you lived in also counts. Each buyer's eligibility is assessed separately.
What's the optimal strategy for stacking FHSA and HBP?
Many buyers maximize FHSA contributions first, then use the HBP for additional funds. Consider the timing of withdrawals, budgeting for HBP repayments, and the growth you give up by taking money out of your RRSP.
Important Disclaimer
This calculator is for illustrative purposes only and should not be considered as financial advice. FHSA and HBP rules, contribution limits, and tax implications are subject to change by the Government of Canada. Current limits and rules are as of October 8, 2026. Eligibility requirements must be met and verified independently. Please consult with a licensed mortgage professional and tax advisor for personalized advice and current program details.