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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 Edges Down as Retail Earnings Take Center Stage



Wall Street is poised slightly lower, anticipating a week dominated by earnings reports from major retailers. Here are the key highlights:

  1. Market Outlook:

    • Futures for the S&P 500 and the Dow Jones Industrial Average have dipped approximately 0.1% before the opening bell.
    • Investors keenly await earnings data, which serves as a crucial indicator for the trajectory of the U.S. and global economies.

  2. Noteworthy Developments:

    • Domino’s, the pizza delivery giant, has surged by 6.5% pre-market after surpassing Wall Street’s sales and profit expectations.
    • Zoom, the video conferencing company, is set to report its earnings later today.
    • Amazon.com officially joins the prestigious Dow Jones industrials, replacing Walgreens Boots Alliance.
    • Uber Technologies Inc. will replace JetBlue Airways Corp. on the Dow Jones Transportation Average, enhancing the index’s tracking of the ride-sharing sector.

  3. Upcoming Retail Earnings:

    • Keep an eye on quarterly financial results from major retailers:
      • Lowe’s: The home improvement retailer.
      • Dollar Tree: The discount retailer.
      • Macy’s: The department store chain.
      • Best Buy: The electronics retailer.

  4. Economic Data:

    • Expect updates on consumer confidence, inflation, and the pace of growth in the U.S. during the October-December quarter.
    • The Federal Reserve’s efforts to manage inflation remain in focus, with expectations of a rate cut in June instead of March.

  5. Global Markets:

    • In Europe, France’s CAC 40 slipped 0.4%, Germany’s DAX edged 0.1% higher, and Britain’s FTSE 100 declined 0.3%.
    • The Nikkei 225 in Tokyo gained 0.4%, reaching 39,233.71.

Stay tuned for a week of market movements driven by earnings revelations and economic indicators. 

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