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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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Trudeau Pledges Military Support and Seized Russian Funds to Ukraine on Invasion Anniversary

On the third anniversary of Russia's invasion of Ukraine, Canadian Prime Minister Justin Trudeau made a significant pledge of support to the embattled nation. During his visit to Kyiv, Trudeau announced that Canada would provide 25 light armoured vehicles to Ukraine, along with $5 billion in funds sourced from seized Russian assets.

Trudeau's visit to Kyiv was part of a larger summit attended by a dozen world leaders, all of whom gathered to show solidarity with Ukraine. In his remarks, Trudeau emphasized that Russia's invasion was an attempt to "erase Ukrainian history and expand their empire". He also highlighted Canada's commitment to helping Ukraine with energy security, as the country continues to face attacks on its power grid by Russian forces.

While Trudeau's speech did not address Ukraine's potential membership in the NATO military alliance, he reiterated the importance of Ukraine having a direct role in any negotiations to end the war. The summit proceeded despite the backdrop of an audible air-defense siren, underscoring the ongoing conflict and the urgency of international support.

This latest pledge from Canada reflects a continued commitment to supporting Ukraine in its fight for sovereignty and stability. Trudeau's visit and the accompanying military and financial aid signal a strong stance against Russian aggression and a dedication to upholding international peace and security.



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