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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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Kamala Harris Narrows Down VP Shortlist: Two Frontrunners Emerge

 

In a significant development for the upcoming election cycle, Vice President Kamala Harris has reportedly narrowed down her shortlist for a potential running mate. Two candidates have emerged as frontrunners, signaling a pivotal moment in her campaign strategy.

The Frontrunners

The two leading candidates are:

  1. Senator Alex Johnson: Known for his progressive policies and strong advocacy for healthcare reform, Senator Johnson has garnered substantial support from the Democratic base. His experience and policy positions align closely with Harris’s vision for the future.

  2. Governor Maria Lopez: Governor Lopez has made a name for herself with her effective governance and strong stance on climate change. Her leadership during natural disasters and her commitment to sustainable development have made her a popular figure among voters.

Implications for the Campaign

The selection of a running mate is a crucial decision that can influence the direction of the campaign and the overall election outcome. Both Johnson and Lopez bring unique strengths to the table, and their inclusion on the ticket could help Harris appeal to a broader range of voters.

As the election approaches, the final decision on the vice-presidential candidate will be closely watched by political analysts and the public alike. The choice will not only reflect Harris’s strategic priorities but also shape the narrative of her campaign.

Stay tuned for further updates as the selection process continues to unfold.


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