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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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Market Jitters: S&P 500 Futures Signal Bear Market Amid Economic Concerns

                                            

U.S. stock futures took a hit in premarket trading, with the S&P 500 edging closer to bear market territory. Investors are reacting to heightened economic uncertainty, including the impact of recent tariff policies and global market volatility. Futures tied to the S&P 500 have dropped over 20% from their peak, a key indicator of a bear market. The tech-heavy Nasdaq has already entered this territory, while the Dow Jones Industrial Average is also facing significant declines.

Market analysts point to a combination of factors, including fears of a potential recession and inflationary pressures, as driving the sell-off. The CBOE Volatility Index, often referred to as Wall Street's "fear gauge," has surged, reflecting the growing unease among investors. As the trading session unfolds, all eyes will be on how these developments shape the broader economic outlook.

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