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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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Baltimore’s Key Bridge Collapses After Ship Collision: Emergency Response Underway

In a shocking turn of events, the Francis Scott Key Bridge in Baltimore, a critical span for East Coast shipping, collapsed early Tuesday morning. The disaster occurred after a large cargo ship struck the bridge, causing it to crumble into the Patapsco River. The impact sent several vehicles plunging into the water.

Around 1:30 a.m., a vessel departing from the Port of Baltimore collided with the Key Bridge, triggering its collapse. Contractors from the Maryland Transportation Authority were working on the bridge at the time. Two individuals were rescued from the water—one unharmed and the other in “very serious condition.” However, at least seven people are still believed to be in the water, though it remains unclear whether this count includes the two already rescued.

Local, state, and federal agencies are coordinating an extensive search effort. Divers, helicopters, and sonar technology are being deployed to locate submerged vehicles in the 50-foot-deep river. The ship involved in the collision must be assessed for damage before rescuers can board it.

Maryland Transportation Secretary Paul Wiedefeld emphasized that there is no evidence suggesting intentional wrongdoing or terrorism. The investigation remains open, but authorities have not found any indications pointing in that direction.

Maryland Governor Wes Moore declared a state of emergency and is collaborating with federal resources from the Biden Administration to address the crisis swiftly.

As rescue efforts continue, Baltimore grapples with the aftermath of this devastating bridge collapse. Our thoughts are with the affected families and the brave responders working tirelessly to save lives.


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