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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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Health Crisis in Gaza: Children Suffer Amid Overcrowded Camps

 

In the overcrowded tent camps of Gaza, a health crisis is unfolding as children suffer from a range of skin diseases. Health officials report a surge in cases of lice, scabies, and rashes, exacerbated by the dire living conditions. Over 103,000 cases of lice and scabies and 65,000 cases of skin rashes have been documented.

The root of the problem lies in the appalling conditions within the camps, which house hundreds of thousands of Palestinians displaced from their homes. The summer heat, combined with a collapse in sanitation, has created an environment ripe for disease. Pools of open sewage and a lack of clean water have left families struggling to maintain basic hygiene.

Parents describe the heartbreaking reality of watching their children suffer. “There’s no shampoo, no soap,” says Munira al-Nahhal, a resident of one of the camps. “The water is dirty. Everything is sand and insects and garbage.” Children are often seen scratching at red patches on their skin, with some developing open sores from constant irritation.

Efforts to combat the spread of these diseases are hampered by the lack of resources. Clean water is scarce, and many families resort to washing their children in salt water from the Mediterranean. The situation is further compounded by the ongoing conflict, which has left the region’s infrastructure in ruins.

As the crisis continues, the need for international aid and intervention becomes increasingly urgent. Without immediate action, the health and well-being of Gaza’s children remain at severe risk.



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