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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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Supreme Court Decision Sparks Debate Over Alien Enemies Act


The U.S. Supreme Court has ruled in favor of former President Donald Trump, allowing the use of the Alien Enemies Act of 1798 to deport alleged Venezuelan gang members. This decision, made in a 5-4 vote, has reignited discussions about the application of this wartime law in modern times.

The Alien Enemies Act, historically employed during wartime, grants the president authority to deport individuals deemed a national security risk. Trump's administration invoked this law to expedite the deportation of members of the Tren de Aragua gang. However, the court emphasized that detainees must be given notice and an opportunity to challenge their removal through habeas corpus claims.

Critics argue that the law's application in this context exceeds its intended scope, as it was designed for wartime scenarios involving foreign governments. Supporters, however, view the decision as a victory for national security and presidential authority.

The ruling has sparked legal and ethical debates, with dissenting justices questioning the legitimacy of using the Alien Enemies Act for non-state actors like gangs. The case continues to highlight tensions between executive power and judicial oversight in immigration policy.

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