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RRSP vs TFSA vs FHSA — Which Should You Prioritize in 2026?

  Published: April 2026 | Reading time: 11 min | Category: Investing, Personal Finance, Tax Savings Three registered accounts. Three sets of rules. And most Canadians are using at least one of them wrong. The RRSP, TFSA, and FHSA each offer powerful tax advantages — but they work in completely different ways, and the right priority order depends entirely on your income, your goals, and your timeline. Picking the wrong one first can cost you thousands in taxes over your lifetime. This guide breaks down exactly how each account works, who it's best for, and the optimal contribution strategy for 2026 based on your situation. A Quick Overview of All Three Accounts Before diving into strategy, here's how each account actually works: RRSP TFSA FHSA Contribution deductible? Yes No Yes Growth taxed? No No No Withdrawals taxed? Yes (as income) No No (if for a first home) 2026 annual limit 18% of income, max $32,490 $7,000 $8,000 Lifetime li...
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Canada’s Home Prices Expected to Rise in 2024

 

According to a recent survey by Royal LePage, the national aggregate home prices in Canada increased by 4.3% in the fourth quarter of 2023, with prices expected to continue to rise in 2024. The aggregative price of a home in Canada increased 4.3% year over year to $789,500.

This is good news for homeowners, but it also means that prospective homebuyers will have to pay more for their dream homes. The Canadian real estate market has been on an upward trend for several years, and this trend is expected to continue in 2024.

The Royal LePage House Price survey released on Monday projects that the aggregate price of a home in Canada will increase by 5.5% in the fourth quarter of 2024, compared to the same quarter in 2023.

The Canadian real estate market is expected to remain strong in 2024, with higher prices and increased demand for homes. This is great news for homeowners who are looking to sell their homes, but it also means that prospective homebuyers will have to be prepared to pay more for their dream homes.


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