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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 Optimism Grows Amid Tariff Relief and Earnings Reports

U.S. stock futures showed a modest rise in premarket trading as optimism grew over potential tariff relief in the automotive sector. The Trump administration signaled plans to ease tariffs on foreign auto parts, a move expected to alleviate pressure on domestic manufacturers and reduce trade tensions. This development has sparked hope among investors, contributing to the positive market sentiment.

Key earnings reports from major companies, including Coca-Cola and Spotify, are also in focus. While Coca-Cola surprised investors with better-than-expected earnings, Spotify's mixed results and cautious guidance led to a dip in its stock price. Additionally, General Motors delayed its earnings call to reflect potential tariff changes, adding to the anticipation.

Investors are closely monitoring economic data, including consumer confidence and job openings, as well as upcoming reports on GDP and nonfarm payrolls later in the week. With Big Tech giants like Apple, Amazon, and Microsoft set to release their quarterly results, the market is bracing for a busy and potentially pivotal week.

The S&P 500, Dow Jones Industrial Average, and Nasdaq futures all edged higher, reflecting cautious optimism as traders await further clarity on trade policies and corporate performance.

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