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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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The 2024 U.S. Presidential Debate: A Pivotal Moment

 

 The upcoming presidential debate between Joe Biden and Donald Trump is indeed a pivotal moment in the U.S. election. Here’s why:

  1. Unusual Timing: Unlike typical debates held in September or October, this one is scheduled three months earlier. Both candidates will face off at 9 p.m. ET on Thursday. This early debate provides a unique chance for voters to assess them for long, unimpeded stretches.

  2. Resetting the Trajectory: Joe Biden, trailing slightly in most surveys, aims to reset the race by proposing an early debate under specific rules to limit heckling and interruptions. If successful, it could shift the campaign dynamics.

  3. Historic Significance: Longtime Republican strategist Karl Rove called it “the most important 90 minutes of this election season.” While debates don’t typically swing elections, this one has the potential to solidify a candidate’s lead.

  4. Past Debates: The first-ever televised debates between John F. Kennedy and Richard Nixon in 1960 are often remembered because they did influence the outcome. Kennedy’s telegenic performance helped turn the tide in his favor.

In summary, while debates don’t always change the game, this early face-off could be a defining moment in the 2024 U.S. election. Get your popcorn ready—it’ll be a heck of a night! 

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