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

Canada Post Strike Enters Fourth Week: Negotiations Resume Amid Rising Tensions

The ongoing strike by Canada Post workers has now entered its fourth week, with the Canadian Union of Postal Workers (CUPW) and Canada Post appearing closer to resuming negotiations. The union, representing over 55,000 striking workers, sent new counter-proposals to the mediator this week, hoping to restart talks. Canada Post has confirmed it is reviewing these proposals.

The strike, which began on November 15, 2024, has caused significant disruptions, with Purolator and UPS pausing shipments from some courier companies due to a surge in package volumes. The business community has been calling for government intervention, but so far, the federal government has not stepped in.

Key sticking points in the negotiations include wage increases and the expansion of weekend delivery services. The union is pushing for better wages and staffing solutions for the proposed expansion, while Canada Post is reviewing how to manage these changes.

As the strike continues, the impact on businesses and consumers grows, with some companies warning of potential losses during the holiday season. The hope is that the new counter-proposals will bring both parties back to the negotiating table and lead to a resolution soon.



Labels:

Comments

Post a Comment