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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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$300 Billion Annual Climate Deal Sparks Division Between Critics and Supporters

 

A newly proposed $300 billion annual global climate funding agreement has sparked a polarized reaction worldwide. The deal, designed to accelerate efforts to combat climate change, aims to support renewable energy projects, sustainable development, and climate adaptation initiatives, particularly in vulnerable regions.

Proponents of the deal see it as a landmark commitment that could help avert catastrophic climate impacts. “This is the bold action the world needs to transition to a greener, more resilient future,” said the United Nations Secretary-General. Developing nations, in particular, welcomed the funding as a lifeline for communities already grappling with climate-related disasters.

Critics, however, argue that the agreement lacks clear accountability measures and unfairly shifts financial burdens to taxpayers in developed countries. “Without robust oversight, this deal could become another example of inefficient spending,” warned a leading economist from a global think tank.

The controversy underscores the ongoing tension between the urgent need for climate action and debates over equitable financial responsibility. As negotiations continue, the success of the deal will depend on its implementation and ability to balance global cooperation with national interests.


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