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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 Inflation Rate Eases to 2.8% in February

Canada’s annual inflation rate unexpectedly fell to 2.8% last month, marking a deceleration from the 2.9% increase recorded in January. The February consumer price index report, released by Statistics Canada, revealed several contributing factors to this slowdown.

  1. Grocery Prices: The easing of grocery prices played a significant role in the overall deceleration. Consumers experienced slower growth in food costs during February.

  2. Cellular and Internet Services: Sharp declines in cellular and internet services also contributed to the moderation in inflation. These essential services saw reduced price growth during the month.

While the easing inflation rate provides some relief, it remains essential to monitor economic indicators closely. The Bank of Canada continues to balance its monetary policy, considering both inflationary pressures and economic recovery.

As we navigate these fluctuations, Canadians can expect further updates on inflation trends. The unexpected dip to 2.8% in February underscores the need for vigilance in managing economic stability.


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