FHSA vs. RRSP Home Buyers’ Plan (HBP)
Compare the net benefit of saving in an FHSA versus using the RRSP HBP—tax refunds, growth, and HBP repayment drag included.
The First-Time Buyer’s Dilemma
FHSA vs. the RRSP Home Buyers' Plan (HBP)
The FHSA is powerful—but how does it stack up against the classic RRSP HBP? This calculator tallies the net benefit of each path so you can choose confidently.
Your Details
$
$
%
Benefit Breakdown (After 5 Years)
| Metric | FHSA Path | RRSP HBP Path |
|---|---|---|
| Total Contributions | $0 | $0 |
| Upfront Tax Refund | $0 | $0 |
| Investment Gains | $0 | $0 |
| HBP Repayment (after-tax cost) | +$0 | -$0 |
| Total Net Benefit | $0 | $0 |
Run the numbers to see your personalized verdict.
Disclaimer: For general information only. This does not cover all tax situations or provincial nuances and is not advice.
Verify rules with the Canada Revenue Agency (CRA) or consult a qualified advisor.