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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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How to Balance Work and Life and Avoid Burnout


Work-life balance is a term that refers to the ability to manage the demands and responsibilities of both your professional and personal life. Achieving work-life balance can help you reduce stress, improve your well-being, and enhance your productivity and performance.

However, finding the right balance is not always easy, especially in today's fast-paced and competitive world. Many people struggle with juggling multiple roles and expectations, such as being a good employee, a caring partner, a supportive parent, a loyal friend, and a healthy individual.

If you feel overwhelmed by the pressure of work and life, you may be at risk of burnout. Burnout is a state of physical, emotional, and mental exhaustion caused by chronic stress. It can lead to symptoms such as fatigue, insomnia, irritability, anxiety, depression, cynicism, detachment, and reduced performance.

Fortunately, there are some strategies that can help you prevent or overcome burnout and achieve a better work-life balance. Here are some tips to get you started:

- Set clear and realistic goals. Identify your priorities and focus on what matters most to you. Avoid taking on more than you can handle and learn to say no to unnecessary or unreasonable requests. Delegate or outsource tasks that are not essential or enjoyable.

- Manage your time effectively. Plan your schedule ahead and allocate sufficient time for each activity. Use tools such as calendars, reminders, timers, and apps to keep track of your deadlines and appointments. Avoid procrastination and distractions that waste your time and energy.

- Establish boundaries. Communicate your expectations and needs to your employer, colleagues, family, and friends. Let them know when you are available and when you need some privacy or downtime. Respect the boundaries of others as well. Turn off your phone, email, and social media notifications when you are not working or during your personal time.

- Take care of yourself. Your health and well-being are the foundation of your work-life balance. Make sure you get enough sleep, eat well, exercise regularly, and drink plenty of water. Engage in activities that relax and recharge you, such as meditation, yoga, reading, music, hobbies, or spending time with nature.

- Seek support. You don't have to do everything on your own. Reach out to your family, friends, co-workers, or professionals for help when you need it. Join a support group or a community of people who share your interests or challenges. Learn from others who have achieved work-life balance and follow their advice.

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