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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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U.S. Presidential Election: Key Updates and What to Watch For

 

As the U.S. presidential election approaches, both candidates are making their final push to secure votes. Former President Donald Trump and Vice President Kamala Harris are focusing on key battleground states, with rallies and events planned throughout the day.

Trump is scheduled to hold rallies in North Carolina and Pennsylvania, ending his day in Grand Rapids, Michigan. Harris will spend the day in Pennsylvania, visiting cities like Scranton, Allentown, Reading, Pittsburgh, and Philadelphia. Both campaigns are emphasizing the importance of voter turnout, with millions of Americans having already cast their early ballots.

Polls show a tight race, with several key states expected to determine the outcome. The candidates are making their final appeals to voters, highlighting their respective platforms and addressing critical issues such as the economy, healthcare, and national security.

As the nation prepares for Election Day, the world watches closely, anticipating the results of this historic election.



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