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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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Pope Francis: A Legacy of Compassion and Reform Ends at 88

Pope Francis, the first Latin American pontiff and a transformative figure in the Catholic Church, has passed away at the age of 88. Born Jorge Mario Bergoglio in Argentina, he rose from humble beginnings to become a global symbol of compassion, humility, and reform.  

Throughout his tenure, Pope Francis championed the rights of the marginalized, advocating for immigrants, the poor, and LGBTQ+ individuals. His leadership was marked by a commitment to inclusivity, environmental stewardship, and a push for modernization within the Church.  

His passing was announced by the Vatican early Monday morning, with Cardinal Kevin Farrell stating, “At 7:35 this morning, the Bishop of Rome, Francis, returned to the house of the Father”. His death follows a series of health challenges, including a prolonged battle with respiratory issues.  

As the world mourns his loss, tributes pour in from leaders across the globe, recognizing his unwavering dedication to justice and faith. The College of Cardinals will soon convene to elect his successor, marking the beginning of a new chapter for the Catholic Church.  

Pope Francis leaves behind a legacy of courage and compassion, forever shaping the Church and the lives of millions.

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