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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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Vancouver Festival Tragedy: Suspect's Troubled Past Comes to Light

In the aftermath of the devastating attack at Vancouver's Lapu-Lapu Day festival, which claimed 11 lives and left dozens injured, new details have emerged about the suspect's background. The accused, a 30-year-old Vancouver resident, has been charged with multiple counts of second-degree murder. Authorities have confirmed that the suspect had a significant history of interactions with police and mental health professionals prior to the incident.

The attack, described as the "darkest day in Vancouver's history" by Interim Police Chief Steve Rai, involved an SUV plowing through a crowded street during the Filipino community festival. Witnesses recounted scenes of chaos and horror as victims were struck by the speeding vehicle. Police have ruled out terrorism as a motive but continue to investigate the circumstances leading up to the tragedy.

The suspect's residence, which had seen recent visits from law enforcement, is now a focal point of the investigation. Vancouver Mayor Ken Sim emphasized the need for systemic changes to address mental health issues, which he identified as a contributing factor in this case.

The Filipino community, along with the broader Vancouver population, is mourning the loss of lives while rallying together in solidarity. Support centers have been established to assist those affected by the tragedy. 

This incident has sparked renewed calls for improved mental health resources and preventive measures to avert such senseless acts of violence in the future.

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