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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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The Royal Canadian Mounted Police (RCMP) have announced a scaled-back search for six-year-old Lily Sullivan and four-year-old Jack Sullivan, who went missing from their home in Lansdowne Station, Nova Scotia, six days ago. Despite the adjustment, authorities emphasize that the investigation remains active and ongoing.

The search, which has involved multiple agencies, helicopters, drones, and hundreds of volunteers, has covered approximately four square kilometers of dense forest. Officials cite challenging terrain, exhaustion among search teams, and the probability of survival as factors in their decision to reduce the scale of operations. However, they stress that efforts will continue, with investigators revisiting key areas to ensure no clues are overlooked.

The children's stepfather, Daniel Martell, expressed gratitude for the extensive search efforts and the support from the community. While authorities maintain that there is no evidence of abduction, Martell remains hopeful and has urged officials to expand the search beyond provincial borders.

RCMP Staff Sgt. Curtis MacKinnon reassured the public that the investigation is far from over. "We’re not packing up, and we’re not giving up," he stated, emphasizing that the search will persist until Lily and Jack are found.

As the community holds onto hope, authorities continue their work, determined to bring the missing children home.

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