🏠💰 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
👥 Buyer 2 Information
Ready to Optimize Your Home Buying Strategy?
Get personalized advice from a licensed mortgage professional. We'll help you implement your FHSA + HBP strategy and secure the best mortgage rates.
Strategic Planning
Optimize your FHSA contributions and HBP withdrawals for maximum benefit and minimal tax impact.
Best 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 September 4, 2025. Subject to change by Government of Canada.
Understanding FHSA + HBP Stacking Strategy
🏠 First Home Savings Account (FHSA)
- $8,000 annual contribution limit
- $40,000 lifetime maximum
- 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
- Tax-free withdrawal initially
- 15-year repayment period
- 2-year grace period before repayments
🎯 Strategic Stacking Benefits
- Maximum $200,000 for couples
- Optimize tax benefits
- Avoid CMHC premiums with 20% down
- Strategic withdrawal timing
- Professional guidance available
💡 Optimal Stacking Strategy
Maximize FHSA First
Use full $40,000 FHSA contribution room for tax-free benefits before considering HBP
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?
FHSA (First Home Savings Account) allows $8,000 annual contributions (max $40,000 lifetime) with tax deductions and tax-free withdrawals. Combined with HBP (Home Buyers' Plan) allowing $60,000 RRSP withdrawals per person, couples can access up to $200,000 for their first home.
Can I use both FHSA and HBP together?
Yes, Canadian first-time home buyers can stack both programs. Use FHSA for tax-free benefits first, then supplement with HBP for additional down payment funds. This strategy maximizes your available funds while optimizing tax benefits.
What are the current FHSA limits for 2025?
As of September 4, 2025, FHSA limits are $8,000 annual contribution and $40,000 lifetime maximum per person. Couples can contribute $16,000 annually and access $80,000 total from FHSA accounts.
What are the HBP limits and repayment requirements?
HBP allows withdrawing up to $60,000 per person ($120,000 for couples) from RRSPs. You have 15 years to repay, starting after a 2-year grace period. Missed repayments become taxable income.
Who qualifies as a first-time home buyer in Canada?
You qualify if you (and your spouse/partner) haven't owned a home anywhere in the world in the 4 years prior to purchase. This applies to both FHSA and HBP programs and must be met by all applicants.
What's the optimal strategy for stacking FHSA and HBP?
Maximize FHSA contributions first for tax-free benefits, then use HBP strategically for additional funds. Consider timing withdrawals, budgeting for HBP repayments, and the opportunity cost of removing RRSP funds.
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 September 4, 2025. 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.