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

Trump’s Tariff Threat: Canada as the 51st State?

 

In a controversial twist amid escalating trade tensions, President Donald Trump has again directed his ire at Canada. In a post on his Truth Social platform on Sunday, Trump claimed that the United States spends “hundreds of Billions of Dollars” subsidizing Canada and argued that without this subsidy, Canada “ceases to exist as a viable country.” He went on to suggest that Canada should simply join the United States as its “cherished 51st state,” touting benefits such as much lower taxes and superior military protection, and promising an end to tariffs on Canadian goods. 

The remark comes on the heels of the imposition of 25% tariffs on imports from Canada (and Mexico), a move aimed at curbing issues like illegal immigration and drug trafficking across the border. In response, Canada has retaliated with its own tariff measures, and Prime Minister Justin Trudeau has firmly rejected any notion of statehood, emphasizing that Canada’s sovereignty is non-negotiable.

Economic analysts warn that such aggressive tariff policies could lead to higher prices for American consumers and disrupt long-established trade relationships in North America. As trade partners brace for a prolonged dispute, critics dismiss Trump’s suggestion as little more than political theater designed to rally his base rather than a feasible policy shift.

The unfolding trade war continues to raise questions about the future of North American economic relations and whether such bold proposals could ever move beyond the realm of rhetoric.

Labels:

Comments

Post a Comment