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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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Marble Cake

Ingredients:

  • 2 cups all-purpose flour
  • 2 tsp baking powder
  • 1/4 tsp salt
  • 1/2 cup unsalted butter (softened)
  • 1 cup granulated sugar
  • 2 large eggs
  • 1 tsp vanilla extract
  • 1 cup milk
  • 2 tbsp unsweetened cocoa powder
  • 2 tbsp boiling water


Instructions:

1. Preheat your oven to 350°F (175°C). Grease and flour a 9-inch loaf pan.

2. In a medium bowl whisk together flour, baking powder, and salt. Set aside.

3. In a large bowl cream the butter and sugar until light and fluffy. Add the eggs one at a time, beating well after each addition. Stir in the vanilla extract.

4. Gradually add the flour mixture to the butter mixture alternately with the milk, beginning and ending with the flour mixture. Mix until just combined.

5. Divide the batter into two bowls. In a small bowl, mix the cocoa powder and boiling water until smooth, then add to one of the bowls of batter and mix until well combined.

6. Spoon the batters alternately into the prepared loaf pan. Use a knife or skewer to swirl the batters together to create a marbled effect.

7. Bake for 50-60 minutes, or until a toothpick inserted into the center comes out clean.

8. Let the cake cool in the pan for about 10 minutes, then turn it out onto a wire rack to cool completely.


Enjoy your homemade marble cake! 

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