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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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Liberals to Announce New Leader on March 9

 


The Liberal Party of Canada is set to announce its new leader on March 9, 2025. This announcement follows Prime Minister Justin Trudeau's decision to step down as the party leader and prime minister. The party's national board of directors has established the rules for the leadership contest, including a $350,000 entry fee for candidates.

Several prominent figures have expressed interest in running for the leadership position, including Ontario MP Chandra Arya and former Montreal MP Frank Baylis. Other potential candidates include former finance minister Chrystia Freeland, former B.C. premier Christy Clark, and several current cabinet ministers.

The new leader will guide the Liberal Party into the next federal election and will become the prime minister as long as the party remains in power. The leadership race is expected to be a significant event in Canadian politics, with many eyes on the potential candidates and their platforms.


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