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

Remnants of Hurricane Beryl to Drench GTA with Heavy Rainfall

                                 

The remnants of Hurricane Beryl are set to bring heavy rainfall to the Greater Toronto Area (GTA) today. According to Environment Canada, periods of torrential downpours are possible, and the federal weather agency has issued a rainfall warning for much of southern Ontario, including Toronto.

Rain began overnight, and up to 60 millimeters of rain are expected for much of Toronto and surrounding areas throughout the day, although some areas could see even more. Meteorologist Daniel Liota warns that the morning commute could be treacherous due to heavy downpours, which can cause flash floods and water pooling on roads. Localized flooding in low-lying areas is also possible.

The Toronto and Region Conservation Authority (TRCA) has issued a flood watch, urging the public to stay away from streams, rivers, and shoreline areas. Recreational activities in or around water should be avoided at this time due to rapidly changing conditions.

Hurricane Beryl initially made landfall in Grenada before moving deeper into the Caribbean Sea, affecting Jamaica and eventually Mexico. As it moved over Texas, it weakened to a tropical storm, causing tornadoes and flooding. The unique aspect of this event is the tropical, moisture-laden air mass associated with the remnants of Hurricane Beryl, which contributes to the potential for torrential downpours in the GTA.

The heavy rainfall is expected to taper into scattered showers later tonight and into Thursday, according to Environment Canada’s forecast.




Labels:

Comments

Post a Comment