Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Canada Post Proposes New Framework to End Strike and Reach Agreement


Canada Post has recently presented a comprehensive framework to the Canadian Union of Postal Workers (CUPW) in an effort to resolve the ongoing strike and reach a negotiated agreement. The framework includes proposals aimed at increasing flexibility in the delivery model and addressing key issues in the labor dispute.

The strike, which began over two weeks ago, has been affecting the timely delivery of mail and parcels, especially as the holiday season approaches. The union is currently reviewing the framework documents, and both parties have adjusted their demands in hopes of restarting negotiations.

Federal Labour Minister Steven MacKinnon has emphasized the need for both sides to make sufficient modifications to their positions before mediation can resume. Canada Post remains committed to negotiating new collective agreements that will provide certainty for both employees and customers.

The union has expressed concerns that the framework does not fully consider the labour minister's comments about the agreement needing to be "ratifiable." However, there is hope that with the support of mediators, discussions can be reignited and a final agreement can be reached.

Canada Post has stated that it will not provide further details on the framework outside of the negotiations to facilitate talks. The corporation acknowledges the impact the strike is having on Canadians and remains dedicated to resolving the dispute.






Labels:

Comments

Post a Comment