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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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Canada Post Temporarily Lays Off Striking Workers Amid Ongoing Strike

The Canadian Union of Postal Workers (CUPW) has reported that Canada Post has begun temporarily laying off striking workers as the nationwide strike by over 55,000 postal workers reaches its two-week mark. The union has condemned the move, calling it a "scare tactic" and is currently investigating the situation.

Canada Post has confirmed the temporary layoffs, stating that the ongoing strike has significantly impacted its operations. According to a Canada Post spokesperson, the layoffs are in accordance with the Canada Labour Code, which allows for changes in employment conditions during a strike. The union, however, argues that this action violates the code's provisions against employer interference during legally-protected job actions.

The union has urged its members not to panic and has committed to addressing this significant escalation in the labour dispute. Meanwhile, Canada Post has emphasized its commitment to negotiating new collective agreements and ensuring the future sustainability of its operations.

The situation remains tense as both parties navigate the complexities of the ongoing strike and its implications for workers and the postal service.




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