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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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Wall Street Ends Week With Small Gain, But Big Loss


The US stock indexes closed slightly higher on Friday, but it was not enough to prevent the S&P 500 and Nasdaq Composite from having their worst weekly performance in months. The uncertainty over interest rate cuts has been cited as a major factor in the decline.

The economic data releases offered contrasting views on the state of the US economy: a robust jobs report from the Labor Department, which showed US employers hired more workers than expected in December, and a weak services sector survey from the ISM (,Institute for Supply Management) which showed activity in the services sector fell in December.

Some individual stocks had notable movements on Friday, such as Peloton (up on a TikTok deal) and Palantir (down on a Jefferies report).


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