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OK, the first thing to know is that taking that money out of the TFSA isn't a big deal, it just means that you won't have access to that contribution room for a little while. TFSA contribution room is calculated on a yearly basis, so on January 1st, 2026, you'll have that $6k contribution room back, as well as the regular amount for the year.
Overall, most people have two or 3 types of tax advantaged accounts - TFSA, and RRSP, sometimes FHSA.
The TFSA gives you no tax benefits in the year you contribute, but doesn't incur taxes on investment profits. You can also withdraw without penalty, other than the inconvenience of not being able to recontribute until the next year.
The FHSA (First Home Savings Account), is meant to make it easier to save for your first home. Contributions are tax deductible up to $8k/year, with a lifetime total of $40k. It should be noted that this contribution room starts accumulating based on the year you open your first FHSA. If you haven't already, you should **OPEN AN FHSA ACCOUNT THIS YEAR**, regardless of whether you plan to contribute to it immediately. Early withdrawals from an FHSA will be taxable, but the contribution room will be returned in the next year.
An RRSP is the original tax deductible account. Contributions accumulate year by year, based on income. Since you're just starting out in the workforce, I would hope your income will be rising in the next few years, so you may have better results saving that contribution room for when you're in a higher tax bracket. Early withdrawals from an RRSP will not only be taxable, but also will never be returned (other than a couple specific programs, the lifelong learning plan and home buyers plan). Early withdrawals from an RRSP should be avoided if at all possible.
So your priorities should be (in my opinion):
1. Have a couple thousand in a regular savings or chequing account for general expenses
2. Open an FHSA and start funding it up to the first year maximum of $8k
3. Continue saving in your regular account to contribute to your FHSA and TFSA next year
4. CONSIDER contributing to an RRSP.
Ideally, the only times you will ever pull from your RRSP are when you buy your first home (using the home buyers plan), if you're attending post-secondary education (lifelong learners plan) or you retire.

OK, the first thing to know is that taking that money out of the TFSA isn't a big deal, it just means that you won't have access to that contribution room for a little while. TFSA contribution room is calculated on a yearly basis, so on January 1st, 2026, you'll have that $6k contribution room back, as well as the regular amount for the year.
Overall, most people have two or 3 types of tax advantaged accounts - TFSA, and RRSP, sometimes FHSA.
The TFSA gives you no tax benefits in the year you contribute, but doesn't incur taxes on investment profits. You can also withdraw without penalty, other than the inconvenience of not being able to recontribute until the next year.
The FHSA (First Home Savings Account), is meant to make it easier to save for your first home. Contributions are tax deductible up to $8k/year, with a lifetime total of $40k. It should be noted that this contribution room starts accumulating based on the year you open your first FHSA. If you haven't already, you should **OPEN AN FHSA ACCOUNT THIS YEAR**, regardless of whether you plan to contribute to it immediately. Early withdrawals from an FHSA will be taxable, but the contribution room will be returned in the next year.
An RRSP is the original tax deductible account. Contributions accumulate year by year, based on income. Since you're just starting out in the workforce, I would hope your income will be rising in the next few years, so you may have better results saving that contribution room for when you're in a higher tax bracket. Early withdrawals from an RRSP will not only be taxable, but also will never be returned (other than a couple specific programs, the lifelong learning plan and home buyers plan). Early withdrawals from an RRSP should be avoided if at all possible.
So your priorities should be (in my opinion):
1. Have a couple thousand in a regular savings or chequing account for general expenses
2. Open an FHSA and start funding it up to the first year maximum of $8k
3. Continue saving in your regular account to contribute to your FHSA and TFSA next year
4. CONSIDER contributing to an RRSP.
Ideally, the only times you will ever pull from your RRSP are when you buy your first home (using the home buyers plan), if you're attending post-secondary education (lifelong learners plan) or you retire.