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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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5 Tips to Save Money on Your Next Grocery Trip

 

Here are some tips to save money while grocery shopping:

1. Plan your meals

Before heading to the grocery store, plan your meals for the week. This will help you avoid buying unnecessary items and reduce food waste. Make a list of the ingredients you need for each meal and stick to it.

2. Look for deals

Check out the discount racks or look out for items that are on sale. You can also use coupons to save money. But be careful not to buy something just because it’s on sale.

3. Buy in bulk

Buying in bulk can save you money in the long run. You can purchase non-perishable items such as rice, pasta, and canned goods in bulk. This will help you save money and reduce the number of trips you make to the grocery store.

4. Shop at the right time

Try to shop at the grocery store during off-peak hours. This will help you avoid crowds and long lines. You can also take advantage of the markdowns on perishable items that are close to their expiration date.

5. Avoid pre-packaged items

Pre-packaged items are often more expensive than their unpackaged counterparts. For example, you can save money by buying a block of cheese and shredding it yourself instead of buying pre-shredded cheese.


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