Personal Finance
RRSP, TFSA, FHSA, RESP and benefit credits: use the right accounts and claim the right benefits to make tax work for your wealth.
IRS Announces 2027 HSA Inflation-Adjusted Contribution Limits: What Canadian Residents with US HSAs Need to Know
Learn about the IRS's 2027 inflation-adjusted HSA contribution limits and what Canadian residents with US HSAs need to know for compliance.
2027 HSA Contribution Limits Announced — What Cross-Border Workers Should Know
Revenue Procedure 2026-24 sets 2027 HSA limits. Learn what cross-border workers in Canada and the US need to know about inflation-adjusted contributions.
RRSP vs TFSA vs FHSA: How to Choose Among Canada's Three Registered Accounts
Canada offers individuals three principal registered savings vehicles: the Registered Retirement Savings Plan (RRSP), the Tax-Free Savings Account (TFSA),
Frequently asked
What's the difference between an RRSP and a TFSA?
RRSP contributions are deductible and taxed on withdrawal (good for retirement); TFSA contributions aren't deductible but growth and withdrawals are tax-free.
How much can I put in an FHSA each year?
The FHSA allows C$8,000 per year up to a C$40,000 lifetime limit; contributions are deductible and withdrawals for a first home are tax-free.