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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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Israel Kills 25 Palestinians in Gaza Airstrikes Amid Fears of Wider War

 

On August 8, 2024, Israeli forces intensified their strikes across the Gaza Strip, resulting in the deaths of at least 25 people, according to Palestinian medics. The conflict escalated as Israel engaged in battle with Hamas-led militants, and there are growing concerns about the potential for a wider war in the region.

The airstrikes targeted various locations within Gaza. In central Gaza’s Al-Bureij camp, a cluster of houses was hit, resulting in the deaths of at least 15 people. Nearby Al-Nuseirat camp also experienced casualties, with four people killed. Both camps are considered strongholds of armed militants by Israel. Additionally, a house in the heart of Gaza City was bombed, resulting in the deaths of five Palestinians. Another airstrike in the southern city of Khan Younis killed one person and injured others.

Hamas and Islamic Jihad, the armed wings of Palestinian militant groups, responded by firing anti-tank rockets and mortar bombs at Israeli forces operating in Gaza. Israel’s military reported striking dozens of military targets across Gaza, including rocket launching pads.

Since the outbreak of the Gaza war in October of the previous year, at least 39,699 Palestinians have been killed, including 22 within the past 24 hours, with 91,722 injured. The Gaza health ministry does not differentiate between combatants and civilians in its death tolls.

As tensions persist, Israel is bracing for another attack, prompted by recent assassinations of Hamas leader Ismail Haniyeh in Tehran and Hezbollah military commander Fuad Shukr in Beirut. The conflict between Israel and Hezbollah along the northern border now poses a risk of escalating into an all-out regional war.

More Burials in Gaza

On the same day, dozens of Palestinians rushed to Nasser Hospital in Khan Younis to bid farewell to their slain relatives before carrying them away for burials. Relatives were seen moving the bodies of their loved ones in plastic bags, with names written on them, and holding special prayers before the funerals.

The situation remains tense, and the international community closely monitors developments in the region as fears of wider conflict persist.

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