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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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Amazon to Close All Quebec Warehouses, Lay Off 1,700 Workers

 

Amazon Canada has announced the closure of all seven of its warehouses in Quebec, resulting in the layoff of approximately 1,700 permanent employees and 250 temporary workers. The decision, which will take effect over the next two months, is part of a strategic move to revert to a third-party delivery model.

The affected facilities include fulfillment centers in Lachine, sorting centers in Coteau-du-Lac and Longueuil, delivery stations in Laval and Lachine, and an AMXL delivery station in Longueuil. Amazon claims that this decision was made to provide more efficient and cost-effective service to customers.

However, the move comes amidst ongoing labor disputes, particularly following the unionization of workers at the Laval warehouse last year. The Confédération des syndicats nationaux (CSN) has condemned the closures, suggesting they are part of an anti-union campaign.

Amazon has assured that it will offer a package including up to 14 weeks' pay and transitional benefits to the impacted employees. Despite this, the CSN plans to challenge the closures, arguing that they violate labor laws.

This decision marks a significant shift in Amazon's operations in Quebec and raises questions about the future of labor relations in the region.




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