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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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Trump Eases Auto Tariffs to Support U.S. Manufacturing

President Donald Trump has taken a significant step to alleviate concerns in the automotive industry by signing executive orders to relax his 25% tariffs on automobiles and auto parts. This move comes after warnings from automakers and analysts that the tariffs could raise prices, reduce sales, and make U.S. production less competitive globally.

The revised policy introduces temporary rebates for vehicles assembled in the U.S. with foreign parts, aiming to ease the financial burden on manufacturers. Trump described the changes as a "bridge" to encourage automakers to shift more production to the United States. Treasury Secretary Scott Bessent emphasized that the goal is to create more domestic manufacturing jobs and strengthen the U.S. auto industry.

Automakers like General Motors and Ford have expressed gratitude for the relief measures, highlighting their commitment to investing in American manufacturing. Industry leaders also noted that the adjustments would provide time to reconfigure supply chains and ramp up domestic production.

This policy shift underscores the administration's focus on balancing trade policies with the need to support domestic industries and jobs.

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