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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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Crispy Honey Nut Granola Bars

 

Crispy and not too sweet, these granola bars are loaded with oats, nuts, coconut, and dried fruit.

Ingredients:

  • Old Fashioned Rolled Oats
  • Chopped Walnuts
  • Sliced Almonds
  • Shredded Unsweetened Coconut
  • Honey
  • Light Brown Sugar
  • Unsalted Butter
  • Vanilla Extract
  • Crisp Rice Cereal
  • Dried Fruit

Instructions:

  1. Toast the oats, walnuts, and almonds on a foil-lined baking sheet in the oven for 7 minutes.
  2. Add the shredded coconut to the mix and toast for another 4-5 minutes.
  3. In a saucepan, combine honey, brown sugar, butter, vanilla extract, and salt. Bring to a rapid boil then turn off the heat.
  4. Mix the oat mixture with the honey mixture, rice cereal, and dried fruit in a large bowl.
  5. Spread the mixture into a foil-lined baking dish, pressing it into an even layer.
  6. Bake at 300°F until lightly golden, about 20-23 minutes.
  7. Cool completely, then cut into rectangles.


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