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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 Day Weekend Sets the Stage for a Bustling Summer Travel Season

 

As Canada Day approaches, millions of Canadians are gearing up for a summer of exploration and adventure. The travel industry is abuzz with activity, and transportation providers are preparing for record-breaking numbers. Here’s what you need to know:

  1. Air Travel: Montreal’s Trudeau International Airport is anticipating a whopping 2.2 million passengers each month in June, July, and August—a new record! Meanwhile, Pearson International Airport expects 160,000 passengers daily during peak summer days, an eight percent increase from last year.

  2. Rail Journeys: VIA Rail is bracing for 45,000 passengers over the Canada Day weekend, with Friday and Monday being the busiest days. Whether you’re exploring the scenic countryside or zipping between cities, rail travel is a popular choice.

  3. Road Trips: Quebecers are hitting the road, with 57 percent planning vacations within the province. If you’re driving, soak in the beautiful scenery but stay focused on the road. CAA-Québec advises safe driving practices to ensure a smooth journey.

Remember, whether you’re soaring through the skies, riding the rails, or cruising the highways, Canada Day weekend marks the start of an exciting summer travel season across the country. 

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