$25/week = $1,300/year, generating ~$390 back at a 30% tax bracket. Ongoing HISA rates inside a bank FHSA: 2.5-3.5% (not 4.5% — that's promotional). The 1-year-only carry-forward trap ($0 this year = only $16K max next year, not unlimited catch-up), FHSA + HBP stacking strategy, and the 15-minute setup guide across TD, RBC, BMO, Wealthsimple, and EQ Bank.
TFSA $7K (2026), RRSP $33,810 (2026). OAS: $751.97/month (July 2026 Q3 rate). OAS clawback starts at $93,454 (2025 income). Hold US stocks in RRSP (0% withholding), Canadian stocks in TFSA. The exact income threshold ($55K-$60K) where RRSP beats TFSA — and the "refund recycling" trick that makes both accounts work together.
Miss one of the four FHSA qualifying conditions and your $35,000 tax-free withdrawal becomes $35,000 of taxable income ($10,000+ in extra taxes). The October 1 closing deadline, Form RC725, 60-day practical guideline, and step-by-step timing guide for July 2026 buyers.
The 5-year HBP repayment grace period now covers 2022-2028 withdrawals (the 2026 Spring Economic Statement extended it from 2025 to 2028). 2022 withdrawal? First $4K repayment due for the 2027 tax year — 18 months away. 2026 withdrawal? Not due until 2031. Complete repayment timeline table, Schedule 7 reminder, and preparation strategies inside.
CRA charges 1% per month on RRSP overcontributions above the $2,000 buffer. 2025 RRSP deadline: March 2, 2026. Use Form T3012A to withdraw penalty-free in ~4-6 weeks. Complete step-by-step fix guide including Line 41800 and Form T746.
CRA charges 1% per month on TFSA overcontributions — 12% annually if you don't act fast. File Form RC243 by June 30, withdraw the excess, and request a waiver with RC4288. Complete fix-it guide for 2026.
Your RESP can stay open for 35 years — don't panic if your kid skips college right now. Transfer to a sibling, roll $50K into your RRSP tax-free, or wait. The exact math on contributions, grants, and AIP penalties before you cancel.
$9K/month Canadian investment strategy: TFSA ($109K lifetime) → FHSA ($8K/yr) → RRSP ($33,810 in 2026) → non-registered. Exact monthly splits, asset location by account, and the withholding tax trap most high earners miss.
Toronto down 6.5%, Vancouver down 6.0% in 2026 — Canada's best buyer's market in years. BoC rate at 2.25%, 30-year amortizations available, new $50K GST rebate for first-time buyers. Should YOU buy now or wait? Honest numbers inside.
33% of Gen Z invests their tax refunds while most Canadians don't. Learn where to put your 2026 refund—TFSA, RRSP, or FHSA—based on your age and goals.