Question 1 of 5
The three containers at a glance
| TFSA | FHSA | RRSP | |
|---|---|---|---|
| Best for | Anything: cushion, goals, long-term | Your first home | Retirement |
| Going in | No tax deduction | Tax deduction | Tax deduction |
| Coming out | Tax-free, anytime | Tax-free for a qualifying first home | Taxed as income |
| Yearly room | $7,000 in 2026 | $8,000 (max $40,000) | 18% of last year's earned income, up to the yearly cap |
Your exact room is in CRA My Account. All three can hold the same investments; the account is just the container.
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