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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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Macron Stands Firm Amid Political Turmoil, Vows to Appoint New Prime Minister

 

In a defiant televised address, French President Emmanuel Macron has rejected calls to step down following the ousting of Prime Minister Michel Barnier in a historic no-confidence vote. Macron, who is halfway through his second and final term, promised to appoint a new prime minister within days to navigate the country through its current political crisis.

The no-confidence vote, which marked the first time a French government has been toppled in over 60 years, was driven by a coalition of far-right and left-wing factions. Macron criticized these groups for creating an "anti-republican front" and accused them of prioritizing their political agendas over the needs of the French people.

Despite the political upheaval, Macron emphasized his commitment to fulfilling his five-year mandate, which ends in 2027. He stated that the new prime minister's primary task would be to form a government capable of passing the 2025 budget, a critical step to ensure the continuity of public services and economic stability.

Macron's decision to stand firm comes as France faces significant economic challenges, including a substantial budget deficit. The president acknowledged the difficulties ahead but expressed confidence in the country's ability to overcome them, drawing parallels to the successful reconstruction of Notre Dame Cathedral after the 2019 fire.

As the nation awaits the appointment of a new prime minister, Macron's leadership will be crucial in steering France through this period of uncertainty and ensuring that the government remains functional and effective.





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