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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 Rebounds Amid Earnings Anticipation and Geopolitical Tensions


Coming off their worst week since October, Wall Street is showing signs of recovery as investors brace for a busy week of earnings reports and geopolitical developments. Here’s a snapshot of today’s market activity:

  1. Earnings Optimism: Futures for the S&P 500 and the Dow Jones Industrial Average rose by 0.6% before the bell. Investors eagerly await data from the government’s latest retail sales figures and financial results from companies like Bank of America, United Airlines, and Netflix.

  2. Oil Prices Decline: Despite escalating tensions in the Middle East, oil prices fell. An attack late Saturday marked the first time Iran had ever launched a military assault on Israel. However, the precision and limited impact of Iran’s response suggest a strategic approach aimed at minimizing damage rather than escalating tensions. A barrel of benchmark U.S. oil declined to $84.96, while Brent crude, the international standard, lost ground at $89.77.

  3. Defense Contractors Surge: Nearly every sector showed gains early Monday, with defense contractors leading the way. Lockheed Martin rose by 1.8% before the bell.

  4. Apple’s iPhone Challenge: Apple shares ticked down slightly after a report revealed that the iPhone ranked second in phone deliveries during the first quarter, trailing behind Samsung. Concerns arise due to faltering iPhone sales in China and reports that the Chinese government may restrict its workers from buying iPhones.

  5. Global Markets: In Europe, Germany’s DAX and France’s CAC 40 rose by 1%, while London’s FTSE 100 slipped marginally. In Asian trading, Japan’s benchmark Nikkei 225 dipped by 0.7%.

  6. Currency Trends: The U.S. dollar strengthened against the Japanese yen, reaching another 34-year high as investors sought safety amid uncertainty.

As the week unfolds, investors will closely monitor earnings reports, geopolitical developments, and economic indicators. The delicate balance between global tensions and corporate performance remains at the forefront of market dynamics.


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