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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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"Be the change that you wish to see in the world." by Mahatma Gandhi.


This quote encourages individuals to take action and lead by example in order to make positive changes in the world.


Mahatma Gandhi's quote, "Be the change that you wish to see in the world," is a powerful and timeless message that resonates with people across the globe. This quote emphasizes personal responsibility and the idea that individuals have the capacity to bring about positive change in the world by embodying the values and principles they want to see in others and society as a whole.

Here are a few key points to consider when reflecting on this quote:

  1. 1. Personal Empowerment: Gandhi's quote encourages individuals to recognize their own agency and power to effect change. It implies that change begins within oneself and that by living according to one's ideals and values, one can inspire others to do the same.


  3. 2. Leadership by Example: It highlights the importance of leading through actions rather than just words. Instead of waiting for others to change, individuals can initiate change themselves and inspire others to follow suit.


  5. 3. Ripple Effect: When individuals become the change they wish to see, their actions can create a ripple effect. Positive behaviors and values can spread throughout communities and society as a whole, leading to broader positive transformation.


  7. 4. Universal Appeal: The quote's simplicity and universality make it relevant in various contexts, from social justice and activism to personal growth and leadership. It serves as a timeless reminder that each person has the potential to contribute to a better world.

In summary, Gandhi's quote encourages us to take responsibility for our actions and strive to embody the values and changes we desire in the world. It inspires us to be proactive and make a positive impact, reminding us that small actions can lead to significant transformations in our communities and beyond.

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