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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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Gaza’s Agony: Escalation Marks War’s First Anniversary

 

On the first anniversary of the war, Israel has significantly escalated its air and ground offensive in Gaza. The latest wave of attacks has targeted Hamas militants and command posts, causing widespread destruction and further straining the lives of civilians.

The renewed bombardment has intensified the already dire humanitarian situation in Gaza. Civilians, caught in the crossfire, are desperate for a return to calm. Many have lost their homes and loved ones, and the constant threat of violence has left the population in a state of perpetual fear.

Israeli officials have stated that the operations are necessary to dismantle Hamas’ military capabilities, which they claim are deeply embedded within civilian areas. However, the heavy toll on the civilian population has drawn international concern and calls for an immediate ceasefire.

As the conflict enters its second year, the prospects for peace remain uncertain. The international community continues to urge both sides to seek a diplomatic resolution to prevent further loss of life and suffering.



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