Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

LCBO Stores Set to Reopen Tuesday After Resolving Last-Minute Dispute

 

The Liquor Control Board of Ontario (LCBO) and the Ontario Public Service Employees Union (OPSEU) have resolved a last-minute dispute, paving the way for LCBO stores to reopen on Tuesday. This resolution comes after a two-week strike that saw over 9,000 workers walk off the job.

The tentative agreement, reached on Friday, initially hit a snag when the union and the LCBO disagreed over the return-to-work protocol. The LCBO accused the union of introducing new monetary demands, while the union maintained that their demands were standard and had been used in previous strikes.

Despite the initial impasse, both parties confirmed on Saturday morning that the dispute had been resolved. Voting on the tentative deal is set to occur over the weekend, and if ratified, unionized workers will return to work on Monday, with stores reopening to the public on Tuesday.

The agreement includes an eight-percent pay raise over three years, the conversion of 1,000 casual employees to permanent part-time status, and the hiring of 60 additional full-time employees in warehouse operations. Additionally, there will be no store closures for the duration of the deal.

A significant point of contention was the expansion of ready-to-drink beverages into grocery and convenience stores. The Ford government expedited this timeline, allowing licensed Ontario grocery stores to sell these beverages ahead of schedule. A non-binding committee will be formed to determine the best way to implement these plans.

With the resolution of this dispute, Ontarians can look forward to shopping at LCBO stores again, knowing that their purchases support public services.


Labels:

Comments

Post a Comment