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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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Nova Scotia Community Rallies as Search Continues for Missing Childre

Authorities and volunteers are tirelessly searching for two young children who went missing in a remote wooded area of Pictou County. The siblings, last seen near their home, have prompted a widespread search effort involving local residents, police, and emergency response teams.  

Search crews have deployed drones, tracking dogs, and ground teams to comb the dense forest for signs of the children. Despite difficult terrain and changing weather conditions, rescuers remain hopeful and determined.  

Local community members have come together to support the search, offering food, shelter, and assistance to those involved. Officials urge anyone with information to come forward and encourage residents to remain vigilant.  

Authorities emphasize that time is critical and are calling on the public to stay informed and lend support as efforts continue.  


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