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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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Tragedy in Gaza: Civilians Face Devastating Losses Amid Conflict


In a deeply troubling escalation of violence, Israeli airstrikes have reportedly killed at least 100 Palestinians in Gaza, including 27 individuals who were seeking refuge in a school. Palestinian health officials have described the situation as catastrophic, with civilian casualties mounting as the strikes continue. 

The targeted school had been serving as a shelter for displaced families, highlighting the vulnerability of those caught in the crossfire. Witnesses and local authorities have expressed shock and grief over the loss of life, particularly among women and children. 

This incident underscores the urgent need for international intervention and humanitarian aid to address the growing crisis in Gaza. As the conflict intensifies, the global community faces mounting pressure to advocate for peace and protect innocent lives.

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