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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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Slovakia’s Prime Minister Robert Fico Survives Assassination Attempt

 

In a shocking turn of events, Slovakia’s populist Prime Minister, Robert Fico, was shot multiple times and gravely wounded in an attempted assassination. The incident occurred on Wednesday, May 15, 2024, after a political event in the town of Handlova. Mr. Fico was immediately rushed to a hospital in Bratislava, the country’s capital, approximately two hours away.

The assailant reportedly fired at Mr. Fico as he emerged from a meeting, leaving him with five gunshot wounds. Authorities swiftly arrested a suspect at the scene, but the motive behind the attack remains unclear. The incident has sent shockwaves across Europe, especially considering its timing just before the upcoming elections.

Slovakia, a small country in Central Europe, has been grappling with political tensions and societal divisions. Prime Minister Fico, a prominent figure in Slovakian politics, has faced both support and criticism during his tenure. His survival in this assassination attempt will undoubtedly have significant implications for the nation’s political landscape.

As the investigation unfolds, citizens and leaders alike are left wondering about the underlying reasons behind this brazen attack. The next few hours will be critical for Mr. Fico’s recovery and for understanding the broader context of this violent act.

Stay tuned for further updates as the situation develops. Our thoughts are with Prime Minister Robert Fico and his family during this difficult time.



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