{"id":21073,"date":"2025-01-10T10:51:01","date_gmt":"2025-01-10T15:51:01","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?p=21073"},"modified":"2025-01-10T10:51:02","modified_gmt":"2025-01-10T15:51:02","slug":"tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered","title":{"rendered":"TFSA versus RRSP versus FHSA: Which is right for you?"},"content":{"rendered":"\n<p>The First Home Savings Account (FHSA), launched in 2023, offers one more registered investment plan to consider when determining the best tactics to help you meet your savings and retirement goals.<\/p>\n\n\n\n<p>While the Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP) and FHSA all offer tax benefits, there are some key differences that can help you choose what&#8217;s right for you.<\/p>\n\n\n\n<p>Here are some answers to a few of the top questions about the features and tax treatments of each plan, plus contribution and withdrawal considerations.<\/p>\n\n\n\n<figure class=\"wp-block-rbcwm-table table-responsive\"><table class=\"table table-striped table-compact table-border-horizontal table-border-vertical table-primary\"><thead><tr><th>Feature<\/th><th>TFSA<\/th><th>RRSP<\/th><th>FHSA<\/th><\/tr><\/thead><tbody><tr><td>What is it?<\/td><td>A registered plan where your investment earnings and withdrawals are tax-free<\/td><td>A registered plan where your contributions are tax-deductible (up to your personal deduction limit) and investment earnings are tax-deferred (you are charged taxes when you withdraw funds)<\/td><td>A new registered plan designed to help first-time homebuyers. Your contributions are tax-deductible and investment earnings and withdrawals are tax-free if used to purchase your first home<\/td><\/tr><tr><td>Who can open one?<\/td><td>Canadian residents with a Social Insurance Number (SIN) who are at least 18 or 19 (age of majority in your province or territory)<\/td><td>Canadian residents with a Social Insurance Number (SIN) who are under age 71, have earned income and file a tax return in Canada<\/td><td>Canadian residents with a Social Insurance Number (SIN) who are at least age 18 (and no less than the age of majority in your province or territory) and under age 71, and you and\/or your spouse or common-law partner have not owned a home where you lived in the current calendar year or at any time in the preceding four calendar years<\/td><\/tr><tr><td>Are contributions tax-deductible?<\/td><td>No<\/td><td>Yes (up to your personal deduction limit)<\/td><td>Yes (up to the annual and lifetime limits)<\/td><\/tr><tr><td>Do my savings grow tax-free or tax-deferred?<\/td><td>Tax-free<\/td><td>Tax-deferred (added to taxable income the year you take the money out; a withholding tax will also apply to early withdrawals)<\/td><td>Tax-free if you use funds for a qualifying first home<\/td><\/tr><tr><td>How much can I contribute each year?<\/td><td>$7,000 for 2025 plus your unused contribution room and any amounts you\u2019ve withdrawn from previous years<\/td><td>18 percent of previous year\u2019s earned income, less any pension adjustment, up to maximum annual limit ($31,560 for 2024)<\/td><td>$8,000 annually, plus up to $8,000 of your unused contribution room, up to a maximum lifetime limit of $40,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-well rbc-block-small rbc-block-grey rbc-mid-page-cta has-block-grey-background-color has-background\"><div class=\"\"><div class=\"row \"><div class=\"col-lg-12\">\n<h4 class=\"wp-block-heading cta-title\" id=\"h-take-control-of-your-wealth\"><strong>Take<\/strong> <strong>control of your wealth<\/strong><\/h4>\n\n\n\n<p class=\"cta-content\">Let&#8217;s talk about your financial future and build a plan to help you achieve your goals. <\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--50)\">\n<a class=\"wp-block-button rbc-button-no-icon rbc-mid-page-button is-style-secondary rbc-button rbc-button-secondary\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/approach\">LEARN MORE<\/a>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n<p><em>This article was originally published on&nbsp;<\/em><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/smart-saving\/tfsa-vs-rrsp-vs-fhsa-your-top-questions-answered\/\" target=\"_blank\" rel=\"noreferrer noopener\">rbcroyalbank.com <\/a><em>.<\/em><\/p>\n\n\n\n<p><em>This article was updated in Jan. 2025.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn about the main features of each registered investment plan and how they might help you meet your retirement goals. <\/p>\n","protected":false},"author":15,"featured_media":26738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rbcwm_post_date":"","editor_notices":[],"rbc_url_alias":"","rbcwm_featured_desktop_image_position":"","rbcwm_featured_mobile_image_position":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[93,102],"tags":[606,605,604],"rbcwm_content_owner":[],"rbcwm_need":[],"rbcwm_segment":[66],"rbcwm_solution":[],"rbcwm_topic":[94],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-21073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement","category-tax-strategies","tag-tax-beneficial-accounts-for-canadians","tag-tax-deductible-contributions","tag-tax-free-withdrawals","rbcwm_segment-individuals-and-families","rbcwm_topic-your-wealth"],"acf":{"rbcwm_subtitle":"Learn about the main features of each registered investment plan and how they might help you meet your retirement goals. ","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":[],"disclaimer_footnote":"This document has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc.*, RBC Phillips, Hager &amp; North Investment Counsel Inc., RBC Global Asset Management Inc. Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the \u201cCompanies\u201d) and their affiliate, Royal Mutual Funds Inc. (RMFI). *Member \u2013 Canada Investor Protection Fund. Each of the Companies, RMFI and Royal Bank of Canada are separate corporate entities which are affiliated. \u201cRBC advisor\u201d refers to Private Bankers who are employees of Royal Bank of Canada and licensed representatives of RMFI, Investment Counsellors who are employees of RBC Phillips, Hager &amp; North Investment Counsel Inc., Portfolio Managers who are employees of RBC Global Asset Management Inc., Senior Trust Advisors and Trust Officers who are employees of The Royal Trust Company or Royal Trust Corporation of Canada, or Investment Advisors who are employees of RBC Dominion Securities Inc. In Quebec, financial planning services are provided by RMFI which is licensed as a financial services firm in that province. In the rest of Canada, financial planning services are available through RMFI, Royal Trust Corporation of Canada, The Royal Trust Company, or RBC Dominion Securities Inc. Estate and trust services are provided by Royal Trust Corporation of Canada and The Royal Trust Company. If specific products or services are not offered by one of the Companies, clients may request a referral to another RBC partner. The strategies, advice and technical content in this publication are provided for the general guidance and benefit of our clients, based on information believed to be accurate and complete, but neither the Companies, RMFI, nor Royal Bank of Canada, nor any of its affiliates nor any other person can guarantee accuracy or completeness. This publication is not intended as nor does it constitute tax or legal advice. Readers should consult a qualified legal, tax or other professional advisor when planning to implement a strategy. This will ensure that their individual circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax rules, and other investment factors are subject to change. This information is not investment advice and should only be used in conjunction with a discussion with your RBC advisor. None of the Companies, RMFI, Royal Bank of Canada nor any of its affiliates nor any other person accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein. In certain branch locations, one or more of the Companies may carry on business from premises shared with other Royal Bank of Canada affiliates. Notwithstanding this fact, each of the Companies is a separate business and personal information and confidential information relating to client accounts can only be disclosed to other RBC affiliates if required to service your needs, by law or with your consent. Under the RBC Code of Conduct, RBC Privacy Principles and RBC Conflict of Interest Policy confidential information may not be shared between RBC affiliates without a valid reason. \u00ae \/ \u2122 Trademark(s) of Royal Bank of Canada.\u00a0 Used under licence. \u00a0\u00a9 Royal Bank of Canada 2024<em>.<\/em>\u00a0All rights reserved."},"rbcwm_insight_cta_id":[11937],"rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":"","rbcwm_enable_toc":false,"rbcwm_toc_selector":"h2"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TFSA versus RRSP versus FHSA: Which is right for you?<\/title>\n<meta name=\"description\" content=\"Learn about the main features of each registered investment plan and how they might help you meet your retirement goals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TFSA versus RRSP versus FHSA: Which is right for you?\" \/>\n<meta property=\"og:description\" content=\"Learn about the main features of each registered investment plan and how they might help you meet your retirement goals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-10T15:51:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-10T15:51:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/scl-TFSA-vs-RRSP-vs-FHSA-CA-horz.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"taravandenberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/01\/three-colourful-doors-on-street.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered\"},\"author\":{\"name\":\"taravandenberg\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b\"},\"headline\":\"TFSA versus RRSP versus FHSA: Which is right for you?\",\"datePublished\":\"2025-01-10T15:51:01+00:00\",\"dateModified\":\"2025-01-10T15:51:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered\"},\"wordCount\":429,\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg\",\"keywords\":[\"tax-beneficial accounts for Canadians\",\"tax-deductible contributions\",\"tax-free withdrawals\"],\"articleSection\":[\"Retirement\",\"Tax strategies\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered\",\"name\":\"TFSA versus RRSP versus FHSA: Which is right for you?\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg\",\"datePublished\":\"2025-01-10T15:51:01+00:00\",\"dateModified\":\"2025-01-10T15:51:02+00:00\",\"description\":\"Learn about the main features of each registered investment plan and how they might help you meet your retirement goals.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg\",\"width\":3210,\"height\":2140,\"caption\":\"A female advisor is reviewing a document with a male client in an office. The woman is white with short, wavy brown hair. She is wearing a black blazer over a white blouse and a silver necklace. The man is white with short dark brown hair and a beard. He is wearing a grey blazer. Both people are looking at papers on a desk.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TFSA versus RRSP versus FHSA: Which is right for you?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/\",\"name\":\"RBC Wealth Management\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization\",\"name\":\"RBC Wealth Management\",\"alternateName\":\"RBC Wealth Management\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Wealth Management\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b\",\"name\":\"taravandenberg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g\",\"caption\":\"taravandenberg\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TFSA versus RRSP versus FHSA: Which is right for you?","description":"Learn about the main features of each registered investment plan and how they might help you meet your retirement goals.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered","og_locale":"en_US","og_type":"article","og_title":"TFSA versus RRSP versus FHSA: Which is right for you?","og_description":"Learn about the main features of each registered investment plan and how they might help you meet your retirement goals.","og_url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered","og_site_name":"RBC Wealth Management","article_published_time":"2025-01-10T15:51:01+00:00","article_modified_time":"2025-01-10T15:51:02+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/scl-TFSA-vs-RRSP-vs-FHSA-CA-horz.jpg","type":"image\/jpeg"}],"author":"taravandenberg","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/01\/three-colourful-doors-on-street.jpg","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#article","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered"},"author":{"name":"taravandenberg","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b"},"headline":"TFSA versus RRSP versus FHSA: Which is right for you?","datePublished":"2025-01-10T15:51:01+00:00","dateModified":"2025-01-10T15:51:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered"},"wordCount":429,"publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg","keywords":["tax-beneficial accounts for Canadians","tax-deductible contributions","tax-free withdrawals"],"articleSection":["Retirement","Tax strategies"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered","name":"TFSA versus RRSP versus FHSA: Which is right for you?","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg","datePublished":"2025-01-10T15:51:01+00:00","dateModified":"2025-01-10T15:51:02+00:00","description":"Learn about the main features of each registered investment plan and how they might help you meet your retirement goals.","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#primaryimage","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg","width":3210,"height":2140,"caption":"A female advisor is reviewing a document with a male client in an office. The woman is white with short, wavy brown hair. She is wearing a black blazer over a white blouse and a silver necklace. The man is white with short dark brown hair and a beard. He is wearing a grey blazer. Both people are looking at papers on a desk."},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/tfsa-versus-rrsp-versus-fhsa-your-top-questions-answered#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"TFSA versus RRSP versus FHSA: Which is right for you?"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/","name":"RBC Wealth Management","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization","name":"RBC Wealth Management","alternateName":"RBC Wealth Management","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png","width":3000,"height":2000,"caption":"RBC Wealth Management"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b","name":"taravandenberg","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g","caption":"taravandenberg"}}]}},"jetpack_featured_media_url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/12\/female-advisor-reviews-document-with-male-client-3210x2140-1.jpg","jetpack_sharing_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-25 06:07:59","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Wealth Management","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/en-ca","push-errors":false,"last_revision_date":"2025-01-10 09:30:08","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts\/21073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/comments?post=21073"}],"version-history":[{"count":27,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts\/21073\/revisions"}],"predecessor-version":[{"id":26837,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts\/21073\/revisions\/26837"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_cta\/11937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/media\/26738"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/media?parent=21073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/categories?post=21073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/tags?post=21073"},{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_content_owner?post=21073"},{"taxonomy":"rbcwm_need","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_need?post=21073"},{"taxonomy":"rbcwm_segment","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_segment?post=21073"},{"taxonomy":"rbcwm_solution","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_solution?post=21073"},{"taxonomy":"rbcwm_topic","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_topic?post=21073"},{"taxonomy":"rbcwm_channel","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_channel?post=21073"},{"taxonomy":"rbcwm_format","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_format?post=21073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}