With the launch of the First Home Savings Account (FHSA), there’s now one more registered investment plan to consider when determining which one – or which ones – can best help you meet your savings and retirement goals.

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’s right for you.

Below, you’ll find answers to some of the top questions about the features and tax treatments of each plan, plus contribution and withdrawal considerations.

Visit Compare TFSA vs RRSP vs FHSA for more answers, including information on the types of investments that can be held in each account.