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

Celebrating Women's Day: Honoring Achievements and Promoting Equality


International Women’s Day, celebrated annually on March 8th, is a global occasion to recognize the achievements of women throughout history while also advocating for gender equality. It is a day to reflect on the progress made, celebrate courage and determination, and highlight areas where further action is needed to create an equitable society for all.

The roots of Women’s Day trace back to the early 20th century, stemming from labor movements and women’s suffrage campaigns. Since then, it has grown into a worldwide movement. The day serves as a reminder of the importance of empowering women in all sectors, including education, politics, business, science, and the arts.

Each year, International Women’s Day has a theme that guides the discourse and activities. Themes often focus on breaking biases, celebrating diversity, and fostering an inclusive environment. From grassroots movements to major global initiatives, the day inspires communities and individuals alike to champion women’s rights and opportunities.

While progress has been made in areas like education and employment, challenges persist, such as pay gaps, underrepresentation in leadership roles, and issues surrounding violence and discrimination. Women’s Day encourages collective efforts to address these inequalities and create a brighter future.

Let us use this day not only to celebrate but also to commit to action—ensuring that gender parity becomes a reality. Together, we can honor the achievements of women past and present while paving the way for generations to come.



Labels:

Comments

Post a Comment