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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...
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Sun-Kissed Adventures: A Summer Vacation to Remember!





Ah, summer vacations, the most anticipated time of the year! It's a season of boundless adventure and carefree laughter. Picture this: the sun shining brightly, warm sand between your toes, and the gentle sound of waves crashing on the shore. As the days stretch out endlessly, you and your friends embark on thrilling escapades – from exploring hidden forest trails to daring jumps off the old wooden dock at the lake. Ice cream becomes a daily ritual, with flavors as wild as your imagination. Late nights are spent stargazing, making up stories about the constellations above. And let's not forget the epic water balloon fights that leave everyone soaked but grinning from ear to ear. Summer vacations are all about creating unforgettable memories, and this one promises to be the best yet!






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