$32,490
RRSP Contribution Limit 2026
18% of earned income (max)
$7,000
TFSA Annual Limit 2026
Plus unused room from past years
$8,000
FHSA Annual Limit
$40,000 lifetime maximum
Registered Accounts Explained
RRSP
Registered Retirement Savings Plan
Tax deduction today
Tax-sheltered growth
Taxed on withdrawal
TFSA
Tax-Free Savings Account
Tax-free withdrawals
Flexible anytime access
No tax deduction
FHSA
First Home Savings Account
Tax deduction + tax-free
For first-time buyers
Must be used for home
Not sure which account to use?
Our calculator helps you decide based on your income and goals.
Compare RRSP vs TFSAWhere to Invest
Robo-Advisors
Automated, hands-off investing
Perfect for beginners. Low fees (0.25%-0.70%), automatic rebalancing, and tax-loss harvesting.
Top Pick:
Wealthsimple
Runner-up:
Questwealth, CI Direct
Self-Directed Investing
Full control, DIY approach
For experienced investors. Buy individual stocks, ETFs, and bonds. Lowest fees (~$5-$10 per trade).
Top Pick:
Questrade
Runner-up:
Wealthsimple Trade, IBKR