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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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Fundraising Face-Off: Freeland Alleges Underreported Donations as Carney Surges Ahead

 

In the Liberal Party leadership race, fundraising numbers have ignited a fierce debate between top contenders. Former central banker Mark Carney continues to lead, having amassed approximately $1.9 million in campaign donations, while former finance minister Chrystia Freeland’s official figures stand at just over $226,661 according to Elections Canada data.

Freeland’s campaign, however, insists that the reported totals tell only part of the story. Spokesperson Katherine Cuplinskas revealed that her campaign’s actual fundraising effort is closer to $600,000, collected from more than 2,000 contributions. “Elections Canada data doesn’t tell the whole story,” the campaign stated on its social media account, explaining that Freeland’s team opted to have the party hold some contributions to avoid credit card and wire transfer fees—an approach that delayed the remittance of funds and led to an undercount in the official figures.

The discrepancy in reported totals underscores differing campaign strategies among leadership hopefuls. While Carney’s impressive haul positions him as a frontrunner, other candidates such as Karina Gould and Frank Baylis have also noted fundraising successes that may not yet be fully captured in the latest data.

With the leadership vote scheduled for March 9, both financial backing and grassroots support will be critical in determining the new face of the Liberal Party. As the next round of fundraising figures is anticipated in the coming days, the evolving financial picture will likely play a key role in shaping the race ahead.

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