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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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Russia's Christmas Day Assault on Ukraine: A Grim Reality


On Christmas Day, Russia launched a massive missile and drone attack on Ukraine's energy infrastructure, targeting key facilities and causing widespread power outages. Ukrainian President Volodymyr Zelensky condemned the strikes as "inhumane," emphasizing the deliberate timing of the attack to coincide with the holiday. 

The assault involved over 70 missiles and more than 100 drones, with significant damage reported in cities like Kharkiv and Dnipro. Despite Ukraine's efforts to intercept many of the missiles and drones, the attack led to severe disruptions in electricity and heating, leaving many Ukrainians without power in freezing temperatures.

This attack marks the 13th major strike on Ukraine's energy sector this year, further exacerbating the humanitarian crisis in the country. Ukrainian officials have described the strikes as "Christmas terror," highlighting the ongoing threat posed by Russian aggression.

The international community continues to watch closely as Ukraine works to restore power and provide relief to its citizens amid the ongoing conflict.

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