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

Holiday Ginger Cookies Recipe

 

Ingredients:

- 2 1/4 cups all-purpose flour

- 2 tsp ground ginger

- 1 tsp baking soda

- 1 tsp ground cinnamon

- 1/2 tsp ground cloves

- 1/4 tsp salt

- 3/4 cup unsalted butter, softened

- 1 cup granulated sugar

- 1 large egg

- 1 tbsp water

- 1/4 cup molasses

- 1/4 cup additional granulated sugar for rolling


Instructions:


1. Preheat Oven: Preheat your oven to 350°F (175°C). Line baking sheets with parchment paper.

2. Combine Dry Ingredients: In a medium bowl, whisk together the flour, ginger, baking soda, cinnamon, cloves, and salt.

3. Cream Butter and Sugar: In a large bowl, using an electric mixer, beat the butter and 1 cup of sugar until light and fluffy. Add the egg, water, and molasses, and beat until well combined.

4. Mix Ingredients: Gradually add the dry ingredients to the wet ingredients, mixing until just combined.

5. Form Dough Balls: Roll the dough into small balls, about 1 inch in diameter. Roll each ball in the additional granulated sugar to coat.

6. Bake: Place the dough balls on the prepared baking sheets, about 2 inches apart. Flatten each ball slightly with the bottom of a glass. Bake for 8-10 minutes, or until the edges are set and the tops are crackled.

7. Cool:  Allow the cookies to cool on the baking sheet for 5 minutes before transferring them to a wire rack to cool completely.

8. Enjoy: These ginger cookies are perfect for sharing with family and friends, or just for enjoying with a cozy cup of tea or coffee. 



Labels:

Comments

Post a Comment