TFSA vs. RRSP vs. FHSA

Picking the right registered account was tough enough when you only had to choose between TFSAs and RRSPs. But once FHSAs were added to the mix, the decision got harder for a lot of people.

TFSAs, RRSPs, and FHSAs all have tax advantages, along with their own rules and contribution caps. But generally speaking, the option that’s right for you depends on your income and how much debt you have.

To help you decide where to put your money, here's a handy — and simple! — chart. All you have to do is answer a few basic questions.