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

Rising Norovirus Cases: What You Need to Know About the 'Winter Vomiting Bug

 

Norovirus, often referred to as the "winter vomiting bug," is causing concern as cases surge across North America. This highly contagious virus is responsible for a significant number of gastroenteritis outbreaks, leading to symptoms such as nausea, vomiting, diarrhea, stomach cramps, and sometimes fever.

Recent reports indicate that norovirus cases have spiked above the five-year average in several regions, including Canada, the U.S., and the U.K. Health officials attribute this rise to the colder weather and a return to pre-pandemic social behaviors, which have disrupted previous patterns of virus transmission.

To protect yourself and others, it's crucial to practice good hygiene. Wash your hands frequently with soap and warm water for at least 20 seconds, especially after using the restroom and before eating. Avoid close contact with those who are sick, and clean and disinfect frequently-touched surfaces regularly.

Remember, while norovirus can be unpleasant, it is usually short-lived, with most people recovering within a couple of days. Stay vigilant and take preventive measures to help curb the spread of this nasty bug.



Labels:

Comments

Post a Comment