Canada — General / Flexible
These accounts are designed for everyday investing and flexible goals. They’re typically the first stop for building an emergency buffer, saving for medium-term purchases, or investing long-term without the stricter access rules that come with retirement-only plans. Use the cards below to compare how contributions work, what the tax treatment looks like, and what to watch for when withdrawing or moving money between accounts.
TFSA — Tax-Free Savings Account
Flexible investing account with tax-free growth and tax-free withdrawals; contribution room accumulates annually and withdrawals typically restore room next calendar year.
Learn more →FHSA — First Home Savings AccountFirst-home account combining RRSP-style deductions with TFSA-style tax-free qualifying home withdrawals; unused funds can often be rolled into RRSP/RRIF.
Learn more →Educational only. Always confirm limits and withdrawal rules with CRA resources or a qualified professional.