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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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North Korea's Military Alliance with Russia: A New Chapter in Global Dynamics

In a historic move, North Korea has confirmed the deployment of troops to Russia to support its war efforts in Ukraine. This marks the first time Pyongyang has openly acknowledged its military involvement in the conflict. Under the directive of leader Kim Jong Un, North Korean forces played a pivotal role in aiding Russia to reclaim the Kursk region, a territory previously occupied by Ukrainian forces.

The North Korean state media described the operation as a testament to the "firm militant friendship" between the two nations. The deployment was carried out under a strategic partnership treaty signed between Kim Jong Un and Russian President Vladimir Putin last year. This alliance has not only strengthened military ties but also brought the two politically isolated nations closer.

Russian President Vladimir Putin expressed his gratitude, hailing the North Korean troops as "heroes" who fought alongside their Russian counterparts. Meanwhile, the international community has raised concerns over the implications of this alliance, with some nations condemning the move as a provocation to global security.

This development underscores the shifting alliances and complexities in the ongoing conflict, adding a new layer of geopolitical tension.

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