Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israeli Military Intercepts Missile from Yemen Amid Rising Regional Tensions

The Israeli military announced on Saturday that it successfully intercepted a missile launched from Yemen, marking the latest escalation in regional hostilities. The missile, reportedly fired by the Iran-backed Houthi forces, triggered air raid sirens in multiple areas across Israel but caused no casualties or significant damage.

This incident comes as the Houthis continue their campaign of missile and drone attacks against Israel, citing solidarity with Palestinians amid the ongoing conflict in Gaza. The group has vowed to expand its range of targets in response to Israel’s renewed offensive in Gaza, which resumed in mid-March following the breakdown of ceasefire negotiations.

Meanwhile, the United States has intensified its military operations against Houthi positions in Yemen, launching large-scale airstrikes aimed at reducing the group's capabilities. The strikes, ordered by U.S. President Donald Trump in March, represent one of the most significant American military interventions in the Middle East since his administration began.

As tensions continue to rise, analysts warn that the ongoing exchanges of fire could further destabilize the region, with potential implications for international security and trade routes in the Red Sea. The Israeli military remains on high alert, prepared to counter any future threats from Yemen and other hostile actors.

Labels:

Comments

Post a Comment