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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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Heartfelt Search Continues for Missing Siblings in Rural Nova Scotia

 

A family in rural Nova Scotia remains hopeful as the search for a missing boy and girl enters another day. The siblings, **six-year-old Lily Sullivan and four-year-old Jack Sullivan**, vanished under mysterious circumstances, prompting an extensive rescue operation involving local authorities, volunteers, and community members.  

Emergency responders and search teams are combing the area, using drones equipped with **heat-seeking technology**, tracking dogs, and ground crews in an effort to locate the children. Authorities are urging anyone with information to come forward, emphasizing the importance of community involvement in such critical situations.  

While uncertainty lingers, the children’s family has expressed gratitude for the overwhelming support and remains steadfast in their hope for a safe reunion. **Their stepfather, Daniel Martell, has met with RCMP officials and remains hopeful**. As efforts continue, the community is holding onto optimism, refusing to let despair overshadow their determination.  

The search remains ongoing, with authorities encouraging residents to stay vigilant and report any potential leads.  



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