Skip to main content

Featured

Understanding Your TFSA Contribution Room in 2026

A Tax‑Free Savings Account (TFSA) is one of Canada’s most flexible and powerful savings tools, but figuring out your exact contribution room can feel like solving a puzzle. A clear breakdown makes it much easier. How TFSA Contribution Room Works Your available room is made up of three parts: Annual TFSA limit for the current year Unused contribution room from previous years Withdrawals from previous years (added back the following January) For 2026, the annual TFSA limit is $7,000 . Step‑by‑Step: How to Calculate Your Room Use this simple formula: [ \text{TFSA Room} = \text{Unused Room from Prior Years} + \text{Current Year Limit} + \text{Withdrawals from Last Year} ] A quick example: Unused room from past years: $18,000 2026 limit: $7,000 Withdrawals made in 2025: $4,000 [ \text{Total Room} = 18,000 + 7,000 + 4,000 = 29,000 ] That means you could contribute $29,000 in 2026 without penalty. A Few Helpful Notes Over‑contributions lead to penalties, so it’s worth...
Post a Comment
Read more

article

Labels

Healthy Kids' Meals and Snacks: Wholesome and Easy Recipes

 

Turkey and Pasta Ranch Salad

 Ingredients

  • 2 cups uncooked whole wheat spiral pasta (about 5 ounces)
  • 2 medium sweet peppers, chopped
  • 1 medium zucchini, thinly sliced
  • 1 yellow summer squash, thinly sliced
  • 1/2 cup finely chopped red onion
  • 2 cups cubed cooked turkey or chicken
  • 3 tablespoons chopped fresh parsley
  • 1/2 cup peppercorn ranch salad dressing
  • 1/4 teaspoon salt
  • 1/4 cup shredded Parmesan cheese

Directions

  • Cook pasta according to package directions. Drain and rinse with cold water; drain well.
  • Place pasta, vegetables, turkey and parsley in a large bowl; toss with dressing and salt. Sprinkle with cheese.


Labels:

Comments

Post a Comment