Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Stocks Hit by Inflation Woes: ECB Meeting and Market Turbulence

 


Global markets are on edge as investors grapple with inflation concerns. Here’s a snapshot of recent events:

  1. ECB Meeting: Traders are closely monitoring the European Central Bank (ECB) meeting. Stubborn U.S. inflation numbers triggered a significant global market selloff, leaving Japan’s yen at a 34-year low. The ECB’s decision could set the tone for further market movements.

  2. U.S. Stocks: Futures for the Dow Jones Industrial Average and S&P 500 slipped around 0.3%, following a recent rout. The tech-heavy Nasdaq 100 also dipped about 0.2%. Investors are recalibrating expectations for Federal Reserve policy, with the market now pricing in just two rate cuts in 2024. Some analysts even speculate that no cuts or a hike may be possible, depending on economic data.

  3. Bond Yields: The 10-year Treasury yield steadied after surging to its highest level since November. The focus now shifts to the Producer Price Index reading to gauge wholesale inflation’s impact on Fed decisions.

  4. Oil Prices: Rising oil prices remain a headwind. Crude futures, near six-month highs, hover around $86 per barrel for West Texas Intermediate and above $90 for Brent. Geopolitical tensions, including concerns about a potential Iran-Israel conflict, contribute to the volatility.

  5. Corporate Earnings: As first-quarter corporate results trickle in, investors await updates from major banks like JPMorgan. High borrowing costs continue to be a concern, but positive earnings reports could provide momentum to stocks.

In this dynamic landscape, market participants keep a close eye on central bank actions, inflation data, and geopolitical developments. Buckle up for a roller-coaster ride as uncertainty prevails in the financial world.

Labels:

Comments

Post a Comment