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TFSA vs. RRSP vs. FHSA: What's the Best Choice?

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Picking the right registered account was tough enough when you only had to choose between TFSAs and RRSPs. But with the introduction of FHSAs, the decision got harder for a lot of people.

TFSAs, RRSPs, and FHSAs all have tax advantages, along with their own rules and contribution caps. But generally speaking, the option that’s right for you depends on your income and debt. To help you decide, here's a handy — and simple! — chart. All you have to do is answer a few basic questions.

RRSP vs TFSA vs FHSA flowchart shows how to choose the best account for you

Last Updated September 15, 2024

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