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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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Trump's Warning to Iran: A New Chapter in Nuclear Negotiations

In a recent interview, former U.S. President Donald Trump issued a stark warning to Iran, stating that "there will be bombing" if Tehran fails to reach a nuclear agreement with Washington. This statement comes amidst heightened tensions between the two nations over Iran's nuclear program.

Trump emphasized the possibility of imposing secondary tariffs, similar to those enacted during his previous term, as an alternative to military action. However, he made it clear that military intervention remains on the table if diplomatic efforts falter. Iran, on the other hand, has rejected direct negotiations but has left the door open for indirect talks.

The situation underscores the fragile state of international relations and the complexities of nuclear diplomacy. As both sides navigate this high-stakes scenario, the global community watches closely, hoping for a resolution that avoids conflict.

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