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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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Canada and Greece Forge Partnership to Boost Tourism

In a significant step towards enhancing bilateral relations, Canada and Greece have signed a memorandum of understanding (MOU) to promote tourism between the two nations. The agreement, signed in Athens, underscores the importance of tourism in fostering economic growth, cultural exchange, and sustainable development.

The MOU focuses on institutional cooperation, the exchange of data and best practices, and the development of innovative tourism models. Both countries aim to address challenges such as climate change by sharing expertise and promoting sustainable tourism practices. The agreement also seeks to increase tourism flows, making it easier for Canadians and Greeks to explore each other's countries.

This partnership builds on the strong cultural and historical ties between the two nations, with nearly 300,000 Canadians of Greek origin and many Canadians living, working, and studying in Greece. The collaboration is expected to create new opportunities for tourism investment, education, and vocational training, benefiting both economies.

Canadian Minister of Export Promotion, Mary Ng, emphasized the economic and cultural benefits of the agreement, stating that it would strengthen ties and support prosperity for both nations. Greek Tourism Minister Olga Kefalogianni highlighted the commitment to a sustainable and innovative tourism model, reflecting shared values of democracy and cultural heritage.

This MOU marks a new chapter in Canada-Greece relations, showcasing the potential of tourism as a bridge between nations.

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