Guides

Short explanations to understand before you calculate. Every figure comes from an official source and updates with the tax data.

• TFSA, RRSP or FHSA: what are the differences?Three registered accounts, three different logics. Here is what sets them apart, with the official 2026 figures.2 min readRead the guide
• From gross to net pay: what is deducted from your payGross pay is the amount before deductions; net pay is what reaches your account. Here is what happens in between in 2026, wherever you live in Canada.2 min readRead the guide
• TFSA contribution room: how to work it outYour TFSA room is the sum of the annual limits since you became eligible, minus what you contributed, plus your past withdrawals.1 min readRead the guide
• RRSP contribution room: how it is calculatedYour RRSP room depends on your income from the previous year, an annual limit and your unused room. Here is how the CRA calculates it.1 min readRead the guide
• FHSA: the account to buy your first homeThe FHSA combines a tax deduction like an RRSP and a tax-free withdrawal like a TFSA, to buy a first home.1 min readRead the guide
• Make a budget and an emergency fundA budget compares what comes in each month with what goes out. It shows where your money goes and what is left for an emergency fund and your plans.1 min readRead the guide
• Compound interest: how your savings can growWith compound interest, the interest you earn earns interest in turn. Here is what makes the result vary.1 min readRead the guide
• Inflation: what the CPI measures and what it changes for youInflation is the general rise in prices. Here is how Canada measures it, what the number means and how it affects your budget.2 min readRead the guide
• Policy interest rate: what it is and what it changes for your moneyWhen the Bank of Canada changes its policy rate, the cost of borrowing and what savings earn end up moving too. Here is how, in plain terms.2 min readRead the guide
• Real return: are your savings beating inflation?An account that pays interest can still make you lose purchasing power. The real return shows it.1 min readRead the guide