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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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Trudeau to Reshuffle Cabinet Amid Ministerial Departures

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Prime Minister Justin Trudeau is preparing for another cabinet shuffle following the announcement that four more federal ministers will not seek re-election. This move comes at a time when Trudeau’s leadership is facing increasing scrutiny.

The ministers stepping down include Filomena Tassi, who cited personal reasons for her decision. This reshuffle is expected to address the gaps left by these departures and ensure the government remains focused on its priorities.

The upcoming changes are part of Trudeau’s ongoing efforts to refresh his team and maintain stability within his administration as the next election approaches.


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