First-Time Buyer Savings Calculator
Estimate your tax refunds, HBP boost, and BC Property Transfer Tax status.
Your Income & Contributions
Your Annual Income
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RRSP Contribution This Year
The amount you’re contributing this tax year (max $31,560 for 2024). Reduces your taxable income — you get the tax back as a refund.
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FHSA Contribution This Year
Annual limit $8,000 · Lifetime limit $40,000. Deductible like an RRSP going in, tax-free like a TFSA coming out.
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Home Buyers’ Plan — RRSP Withdrawal
Withdraw up to $60,000 from your RRSP tax-free toward your down payment. Must be repaid over 15 years.
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Partner’s Income & Contributions
Partner’s Annual Income
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Partner’s RRSP Contribution
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Partner’s FHSA Contribution
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Partner’s HBP Withdrawal
Each buyer can withdraw up to $60,000 — combined max $120,000.
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Property Details
Estimated Purchase Price
Used to determine your BC Property Transfer Tax status. First-time buyers are exempt up to $500,000.
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Enter your income and contributions, then tap Calculate.
Estimates only
Uses 2024 federal and BC provincial tax brackets. Actual refunds depend on your full tax return, available RRSP room, and filing. Consult a tax professional or HomeZen advisor for personalized guidance.