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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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Looming U.S. Port Strike Threatens Supply Chain Stability

 

As the possibility of a U.S. port strike looms, experts warn of severe disruptions to supply chains that could have far-reaching consequences. The potential work stoppage at East Coast and Gulf Coast ports could lead to significant delays, with cargo backlogs lasting for weeks or even months.

Fraser Johnson, a professor at Western University’s Ivey Business School, emphasized the gravity of the situation, stating that an East Coast port strike would be “absolutely devastating” to North American supply chains. The breakdown in contract negotiations between the International Longshoremen’s Association (ILA) and port operators has heightened concerns, with no resolution in sight.

The impact of such a strike would extend beyond the U.S., affecting global trade and logistics. Businesses reliant on timely shipments could face inventory shortages, increased costs, and operational challenges. As the October 1 deadline approaches, stakeholders are anxiously monitoring the situation, hoping for a resolution that averts a major supply chain crisis.


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