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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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Trade Tensions Escalate as Trump Maintains Tariffs Amid Ford's Policy Shift

 

In a recent development, U.S. President Donald Trump has decided to keep the 25% tariffs on steel and aluminum imports intact, despite Ontario Premier Doug Ford's decision to lift the electricity tax on U.S.-bound energy. The tariffs, initially imposed as part of a broader trade strategy, have been a point of contention between the two nations.

Ford's move to remove the electricity tax was seen as an olive branch to ease trade tensions. However, Trump's administration has opted to maintain the tariffs, citing the need to protect domestic industries. This decision has sparked mixed reactions, with some applauding the commitment to American manufacturing, while others criticize the potential strain on U.S.-Canada relations.

The ongoing trade dispute underscores the complexities of international economic policies and their far-reaching implications. As both leaders stand firm on their respective stances, the path to resolution remains uncertain.

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