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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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Renewed U.S. Support for Ukraine Amid Ceasefire Talks

 

The United States has resumed its flow of military aid to Ukraine, marking a pivotal moment in the ongoing conflict with Russia. This decision follows high-level talks in Saudi Arabia, where Ukrainian officials expressed openness to a 30-day ceasefire proposal backed by Washington. The ceasefire, if agreed upon by the Kremlin, would halt hostilities on land, sea, and air, offering a temporary reprieve in the three-year-long war.

The resumption of U.S. arms deliveries, facilitated through a Polish logistics hub, underscores the critical role of American support in bolstering Ukraine's defense capabilities. However, the Kremlin remains cautious, stating that it is awaiting detailed information before taking a position on the ceasefire proposal. Russian officials have signaled skepticism, emphasizing that any agreements must align with their terms.

As the international community watches closely, the proposed ceasefire represents a glimmer of hope for de-escalation. Yet, the path to lasting peace remains uncertain, with both sides holding firm to their strategic objectives. The coming days will reveal whether this initiative can pave the way for meaningful negotiations or if it will be another fleeting opportunity in a protracted conflict.

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