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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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Ontario Drivers Enjoy Free Rush Hour Travel on Hwy. 407 This March

Ontario drivers are in for a treat this March as the 407 Express Toll Route (ETR) offers free travel during weekday rush hours. From March 1 to March 31, personal vehicles with Ontario license plates can use the highway toll-free between 7 a.m. and 9:30 a.m., and again from 3:30 p.m. to 5:30 p.m. This promotion applies to the stretch of the highway between the QEW in Burlington and Brock Road in Pickering.

To take advantage of this offer, drivers must sign up for a "My Account" with the 407 ETR and agree to the Paperless Agreement. Eligible trips will appear as promotional credits on their bills, though transponder lease fees will still apply.

This initiative aims to ease traffic congestion and provide financial relief to commuters. However, heavy vehicles and those without Ontario plates are not eligible for the promotion. While the offer is limited to March, it has sparked discussions about the potential for similar initiatives in the future. 

Enjoy the open road and a little extra savings this month!

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