Interactive Calculator — 2026

FHSA Bitcoin Growth Calculator

Model Bitcoin ETF growth inside your First Home Savings Account. $8K/yr, $40K lifetime, zero tax on gains at withdrawal.

⚙️ Your Inputs

Annual Contribution $8,000/yr
$1K $2K $4K $6K $8K
100% of $8,000 annual limit
Investment Horizon 5 years
1 yr 3 yr 5 yr 10 yr 15 yr
Expected Annual Return 30% / yr
Province 26.75% eff. rate
Projected FHSA Balance
—
Tax-free at qualifying home purchase — 0% capital gains
Contribution Breakdown
Total Contributions
—
Tax-Free Growth
—
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You save $— in capital gains tax
vs. same Bitcoin ETF held in a taxable account
FHSA Balance Growth Over Time
FHSA (tax-free)
Taxable account
Contributions only

📋 FHSA Key Facts

Annual Limit
$8,000
Maximum contribution per year. Unused room carries forward by 1 year only.
Lifetime Limit
$40,000
Total lifetime contribution room across all FHSA accounts.
Account Lifespan
15 years
FHSA must be used by age 71, or 15 years after first opened — whichever comes first.
Tax Deduction
Yes
Contributions are tax-deductible like an RRSP — reduces your taxable income dollar-for-dollar.
Eligible Since
Apr 2023
FHSA launched in April 2023. Up to $32,000 of contribution room available by 2026.
If No Home Bought
RRSP Transfer
Transfer to RRSP tax-free, without using RRSP contribution room. No penalty.
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Get Your Personalized FHSA Bitcoin Strategy

Enter your email and we'll send you a step-by-step plan — which Bitcoin ETF to buy inside your FHSA, how to maximize your contribution room, and how to use this for a qualifying home purchase.

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Open your FHSA on Wealthsimple — free in 5 minutes

Wealthsimple offers FHSA accounts with commission-free access to FBTC (Fidelity, 0.39% MER) and BTCX.B (CI Galaxy, 0.40% MER). Both are FHSA-eligible Bitcoin ETFs. No minimum balance.

Open FHSA Free →
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Built for First-Time Buyers

The FHSA is Canada's newest registered account (2023). It combines an RRSP's tax deduction on contributions with a TFSA's tax-free growth and withdrawal — for first-time home buyers only.

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Bitcoin ETFs Are FHSA-Eligible

TSX-listed Bitcoin ETFs like FBTC and BTCX.B are qualifying FHSA investments. Direct Bitcoin (Coinbase, Shakepay) is not. You must hold a Bitcoin ETF through a registered broker.

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Double Tax Advantage

You deduct contributions from income today (up to your marginal rate) and pay zero tax on growth or the qualifying withdrawal. A $8,000 contribution in Ontario generates ~$4,000 in immediate tax savings.

Common Questions

Can I hold Bitcoin ETFs in an FHSA?▾
Yes. TSX-listed Bitcoin ETFs — such as FBTC (Fidelity, 0.39% MER) and BTCX.B (CI Galaxy, 0.40% MER) — are eligible investments inside an FHSA. Direct Bitcoin (held on exchanges like Coinbase or Shakepay) is NOT eligible. You need to purchase a Bitcoin ETF through a registered broker like Wealthsimple, which offers FHSA accounts with commission-free access to both ETFs.
What is the FHSA contribution limit for 2026?▾
The annual FHSA contribution limit is $8,000, with a lifetime maximum of $40,000. Unused annual room carries forward by one year — so if you only contributed $4,000 in 2025, you could contribute $12,000 in 2026. Since the FHSA launched in April 2023, Canadians who opened one at launch could have up to $32,000 in cumulative room available in 2026 (4 years × $8,000).
Is the 30% return assumption realistic?▾
Bitcoin's realized 10-year CAGR has exceeded 100%, and its 5-year CAGR has been above 50%. The 30% default is deliberately conservative — roughly half of Bitcoin's historical average. You should model multiple scenarios to understand your range of outcomes. Past returns don't guarantee future results, and Bitcoin remains a highly volatile asset.
What happens if I don't buy a home?▾
If you never use your FHSA for a qualifying home purchase, you can transfer the full balance to an RRSP or RRIF on a tax-free basis — without using any RRSP contribution room. Alternatively, you can withdraw as taxable income (taxed like an RRSP withdrawal). The FHSA must be closed by December 31 of the year you turn 71, or 15 years after first opening it.
How does the capital gains tax comparison work?▾
In a non-registered (taxable) account, Bitcoin ETF gains are subject to Canada's 50% capital gains inclusion rate. At your province's combined marginal rate, roughly half that rate applies to your total gains. This calculator models the identical portfolio in a taxable account and applies your province's effective capital gains rate to the gains at the end of the horizon, then shows the difference as your tax savings. The actual figure depends on when you sell and your tax situation.