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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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Songkran: Thailand’s Splendid New Year Celebration

Thailand’s New Year festivities are a vibrant blend of tradition and joy, with the Songkran Festival standing at its heart. Celebrated annually from April 13 to 15, Songkran marks the start of the Buddhist New Year. The festival is famed for its jubilant water fights that splash across streets and towns, drawing both locals and tourists into a dazzling melee of fun. 

Traditionally, Songkran is a time to honor ancestors, visit temples, and cleanse Buddha statues with scented water—a ritual believed to bring good luck and blessings. The water element holds deep symbolism, representing purification and renewal as individuals metaphorically wash away past misfortunes.

Over the years, Songkran has evolved into an exhilarating cultural event that highlights Thailand’s charm. Streets transform into battlegrounds for water pistol wars, buckets fly, and hoses unleash cascades of joy. Cities like Chiang Mai and Bangkok host lively parades, music, and traditional dances that enliven the festival further.

Songkran is much more than a celebration—it’s a reflection of Thailand’s warm spirit, creating unforgettable memories of connection and laughter. It’s safe to say that in Thailand, the New Year doesn’t just start; it splashes its way in!

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