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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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Gaza’s Hunger Crisis: A Dire Struggle for Survival

 

In the heart of northern Gaza, a humanitarian crisis unfolds as the cost of basic necessities skyrockets, leaving many families in a relentless battle against hunger. The once sporadic echoes of conflict have been replaced by the constant growl of empty stomachs, with the World Food Program issuing stark warnings of an imminent famine.

  • Devastating Toll: The war has claimed lives, but hunger now looms as a silent killer, taking the lives of 15 children and infants, unable to be nourished as their mothers struggle to find food.
  • Dire Statistics: A staggering 1.1 million Gazans face “catastrophic” hunger levels, representing half of the population in the strip, a situation described as unprecedented by the WFP’s chief economist.
  • Fragile Relief: Recent efforts have seen a slight improvement, with Israel allowing more food supplies into Gaza. However, this has merely shifted the crisis from a lack of food to a lack of affordable food, with prices still several times higher than pre-war levels.
  • Visible Suffering: The signs of malnutrition are unmistakable, with thin bodies, hair loss, and pale complexions. For many, famine is not a looming threat but a present reality, as evidenced by the increasing number of premature births and maternal deaths during labor.

As the international community scrambles to address this crisis, the people of Gaza continue to endure the unyielding grip of hunger, hoping for a future where the melody of peace drowns out the cries of starvation.


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