Do I get FHSA room before I open an account?
No. Room starts the year you open your first FHSA, even empty: opened in December, 2027 holds $16,000; opened in January, $8,000.
FHSA room next year, opened in December
$16,000
See how
Opened in December 2026$16,000
Opened in January 2027$8,000
The difference$8,000
A year’s $8,000 you don’t use carries forward, up to $8,000. An account opened before the year ends, with nothing in it, already earns that year’s room.
To open one you need to be a resident of Canada, 18 or older, and a first-time home buyer.
Count my room asks the year your first FHSA was opened, and counts nothing before it.
Sources
Checked against the CRA’s pages on .