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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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Naim Qassem Elected as New Hezbollah Leader Following Nasrallah’s Death

 

In a significant leadership change, Hezbollah has elected Naim Qassem as its new leader following the death of Hassan Nasrallah. Nasrallah, who led the group for nearly three decades, was killed in an Israeli airstrike on Beirut’s southern suburb last month.

Qassem, who has served as Hezbollah’s deputy head for many years, was chosen by the group’s Shura Council. His appointment marks a pivotal moment for Hezbollah as it navigates ongoing regional tensions and internal challenges. In his acceptance speech, Qassem emphasized the group’s resilience and commitment to its cause, vowing to continue Nasrallah’s legacy.

The election of Qassem is expected to influence Hezbollah’s strategic direction and its stance in the broader Middle Eastern geopolitical landscape.


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