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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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Tensions Escalate: Israel Strikes Lebanon Following Rocket Attacks

In a significant escalation of regional tensions, Israel launched airstrikes on southern Lebanon early Saturday in retaliation for rockets fired into northern Israel. The Israeli military reported intercepting three rockets targeting the town of Metula, marking the first such attack since a fragile ceasefire agreement was reached in November.

The Israeli government has held Lebanon accountable for the incident, with Prime Minister Benjamin Netanyahu instructing the military to act decisively against "dozens of terror targets" in Lebanon. The strikes reportedly targeted Hezbollah positions, though the group has denied involvement in the rocket launches, describing them as "primitive".

Lebanon's Prime Minister Nawaf Salam has urged the military to prevent further escalation, emphasizing the country's desire to avoid a return to war. Meanwhile, the United Nations Interim Force in Lebanon expressed alarm over the violence, warning of the potential for serious regional consequences.

This exchange of fire underscores the fragility of the ceasefire and the ongoing challenges in maintaining stability along the Israel-Lebanon border. Both nations face mounting pressure to uphold their commitments under the truce, as the international community watches closely.

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