Tax-Free First Home Savings Account Estimators

Two estimator tools help first-time buyers project a future down payment and possible tax savings from a tax-free first home savings account.
The tools give rough estimates for general information only, may not reflect a user's full tax situation, and do not collect or save entered data.
The down payment tool asks about past participation, planned yearly deposits or transfers, expected investment return, and allows planning for as many as 15 yr.
The tax savings tool also considers residence, income, deductions, transfers from an RRSP, and whether account growth is included, with a $40K lifetime limit.
If taxable income is below the basic personal amount, the tool shows no immediate tax savings, but unused contributions can carry forward.