A place of your own
Understand FHSA eligibility before you start saving for a qualifying first home.
Check the first-home rulesCanadian money. Made understandable.
Make money
make sense.
A first home. A little more freedom. A future that feels like yours. Get to know your TFSA, RRSP and FHSA—and put your next dollar in perspective.
Free to use. No account needed. All amounts in CAD.
A little room to grow.
Find a home for your next dollar.
Pick an account. See what it can do.
Room for whatever comes next.
A Tax-Free Savings Account can hold savings or investments. Contributions are not deductible; investment growth and withdrawals are generally tax-free.
- 2026 annual dollar limit
- CAD $7,000
- Withdrawals
- Generally tax-free
Save now. Plan for later.
A Registered Retirement Savings Plan lets eligible contributions reduce taxable income. Growth is tax-deferred; withdrawals are generally taxable.
- 2026 RRSP dollar ceiling
- CAD $33,810
- Your actual limit
- Check your CRA notice
Give your first home a head start.
A First Home Savings Account combines generally deductible contributions with tax-free qualifying home withdrawals. Eligibility and withdrawal conditions apply.
- Room in the year you open
- CAD $8,000
- Lifetime limit
- CAD $40,000
Know where the numbers come from.CRA account limitsCRA FHSA rulesHomepage figures checked September 14, 2026
What are you working toward?
Start with your life, then find the right tool.
A smarter tax-time plan
Explore how an RRSP deduction can change income tax. An estimate is not a guaranteed refund.
Estimate your tax savingsMore flexibility for tomorrow
Estimate TFSA contribution room and understand when withdrawals become available to recontribute.
Work out your TFSA roomYour 2026
quick reference
These are published limits, not a statement of your personal contribution room. Check your own records before contributing.
| Account | Published amount | Keep in mind |
|---|---|---|
| TFSA | $7,000 | 2026 annual dollar limit |
| RRSP | $33,810 | Dollar ceiling; your limit differs |
| FHSA | $8,000 / $40,000 | Opening-year room / lifetime limit |
TFSA room depends on age, residency, contributions and withdrawals. FHSA room starts when you open your first account; carryforward rules apply.
One less financial rabbit hole.
Find a calculator, an account rule, or a plain-English definition.
A little clarity goes a long way.
Is a TFSA only a savings account?
No. Despite the name, a TFSA can hold eligible investments as well as cash. The account sets the tax treatment; what you hold inside it determines the investment risk. Read the CRA’s TFSA overview.
Can I put a TFSA withdrawal straight back in?
A withdrawal adds back to your contribution room on January 1 of the following calendar year. Replacing it in the same year requires other available room. Check CRA’s contribution rules.
Should I use an RRSP or a TFSA?
Compare your tax rate when contributing with your expected rate when withdrawing, along with access needs and benefit interactions. Our RRSP versus TFSA calculator helps you explore assumptions; it cannot decide what is right for you.
Are these calculators financial advice?
No. They are educational estimates. Personal contribution room, tax credits, residency and other circumstances can change your result. Follow the linked CRA sources and check your records before acting.