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

The United States has yet to elect a woman president in its 248-year history


       

The United States, in its 248-year history, has yet to elect a woman president. This could change with Vice President Kamala Harris launching her 2024 presidential campaign. Harris, a 59-year-old Black and Asian-American woman, is backed by President Joe Biden, who recently withdrew from the race due to concerns about his age and health.

Harris’ campaign is already gaining momentum, with significant support from Democratic leaders and a surge in fundraising. Her strong stance on abortion rights resonates with younger voters and progressives, potentially energizing these key demographics. Despite some concerns within the party, Harris is determined to unite the Democrats and defeat Republican candidate Donald Trump in the upcoming election.

Labels:

Comments

Post a Comment