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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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Russia Resumes Strikes on Ukraine as Easter Ceasefire Ends

 

Russia launched a fresh wave of missile and drone attacks on Ukraine early Monday, just hours after the expiration of a 30-hour Easter ceasefire declared by President Vladimir Putin. The strikes targeted multiple regions, including Kharkiv, Dnipropetrovsk, and Cherkasy, prompting air raid alerts across half of Ukraine.

Ukraine’s Air Force reported that 96 drones and three missiles were fired overnight, with air defense units intercepting 42 drones and redirecting 47 others. Officials in Mykolaiv confirmed missile strikes but did not report immediate casualties or major damage.

The ceasefire, which began on Saturday evening, was dismissed by Ukrainian President Volodymyr Zelenskyy as a mere political maneuver. He had called for an extended 30-day truce, arguing that a longer pause could foster genuine peace efforts. However, the Kremlin refused to prolong the ceasefire, leading to an immediate resumption of hostilities.

Both Moscow and Kyiv accused each other of violating the truce. Ukraine reported nearly 3,000 breaches, with Pokrovsk experiencing the most intense shelling. Meanwhile, Russia’s Ministry of Defense claimed Ukrainian forces fired on Russian positions 444 times and launched over 900 drone attacks, resulting in civilian casualties.

The renewed violence casts doubt on diplomatic efforts to secure a lasting ceasefire. U.S. President Donald Trump, who has been pushing for peace negotiations, expressed optimism that a deal could be reached “this week”. However, with both sides escalating attacks, the prospect of a long-term resolution remains uncertain.


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