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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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Khamenei Warns of Severe Repercussions for US and Israel

 


In a recent address, Iran's Supreme Leader Ayatollah Ali Khamenei issued a stern warning to the United States and Israel, stating that they would face a "crushing response" for their actions against Iran. This declaration comes amid escalating tensions in the region following a series of confrontations.

Khamenei's remarks were made during a speech to students in Tehran, where he emphasized that both the US and Israel would undoubtedly receive a severe retaliation for their actions against Iran and its allies. The Supreme Leader's comments were in response to recent Israeli airstrikes on Iranian military bases, which were themselves a reaction to an Iranian missile attack on Israel.

The situation has heightened fears of a broader conflict in the Middle East, with both sides exchanging threats and military actions. Khamenei's speech highlighted the resolve of Iran and its allied groups, including Hezbollah and Hamas, to respond forcefully to any aggression.

As the region braces for potential further escalations, the international community watches closely, hoping to avoid a full-scale conflict that could have far-reaching consequences.

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