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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 Post Resumes Operations Tuesday After Month-Long Strike

 

 Mail is set to begin moving again on Tuesday, December 17, after a month-long strike by Canada Post employees. The Canada Industrial Relations Board (CIRB) ordered the postal workers back to work, declaring an impasse in negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW).

While operations will technically resume on Tuesday, Canada Post has warned that it will take time to clear the backlog of packages and letters that accumulated during the strike. The company will not receive or pick up new products until Thursday, December 19, and will start accepting new international mail on December 23.

Canadians should expect delays into January 2025, and post office hours of operation may vary as the company ramps up operations. The CIRB has extended the current collective agreements until May 22, 2025, to allow for continued negotiations.

Canada Post and the union have agreed to implement a five percent wage increase, retroactive to the day after the collective agreements expired. Key issues in the dispute included wage increases and a push by Canada Post to expand delivery to the weekend.

The federal government had initially resisted intervening in the dispute but eventually directed the CIRB to order the workers back to work. Labour Minister Steven MacKinnon emphasized the need to address the structural issues facing Canada Post and find a sustainable solution.

As operations resume, Canada Post is committed to providing customers with as much information as possible regarding specific timelines and capacity. The company is also working to ensure that employees are compensated fairly during this transition period.




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