For first‑time buyers, the FHSA stands out because it blends tax deductions with tax‑free withdrawals - a rare combination that can speed up your path to homeownership. Meanwhile, the TFSA remains the most flexible option for everyday savers who want tax‑free growth without restrictions. And for long‑term planners, RRSPs continue to be a powerful tool, especially when paired with safer, market‑linked investments that protect your principal while still offering growth potential.
Understanding how these accounts work together can help GTA residents build a stronger financial foundation, reduce tax pressure, and reach major milestones sooner.
