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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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Passover 2025: A Celebration of Resilience Amid Challenges

Passover, known as Pesach in Hebrew, is one of the most widely observed Jewish holidays, commemorating the exodus of the ancient Israelites from slavery in Egypt. This year, Passover begins at sunset on Saturday, April 12, and ends after nightfall on Sunday, April 20. It is a time for family reunions, storytelling, and reflection on themes of freedom and resilience.

However, the celebrations this year are shadowed by ongoing anxieties and divisions within Jewish communities. The unresolved Israel-Hamas conflict continues to weigh heavily, with many Seder tables symbolically leaving empty seats for those lost or held hostage. Additionally, the specter of antisemitism looms large, with reports of increased incidents in various countries, including the United States and Canada. Security advisories have been issued to Jewish organizations, highlighting potential threats during this sacred time.

Despite these challenges, Passover remains a beacon of hope and unity. It serves as a reminder of the resilience and strength of the Jewish people, who have faced adversity throughout history and emerged stronger. This year, as families gather to recount the story of the Exodus, the holiday's message of liberation and perseverance resonates more deeply than ever.



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