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5 Things to Know Today — September 22, 2026

  September 22, 2026 BoC hike odds reach a coin flip. Oil retreats from four-month highs. Trump's Belarus potash play draws fire. A new federal bill speeds up major projects — with strings attached. Here's what moves your money today. 1. BoC October Hike Is Now a Coin Flip The Bank of Canada next meets October 28 , and markets are evenly split on whether it will raise rates for the first time since cutting to 2.25%. The whiplash is largely imported: after the U.S. Federal Reserve hiked 25 basis points to 3.75–4.00% on September 16 in a unanimous 12-0 vote — the first American rate increase since July 2023 — market-implied odds of a matching BoC move jumped from below 10% to roughly 60% in two weeks, according to LSEG Data & Analytics. Before the BoC's September 2 hold, odds of a hold sat at 94%. The 175-basis-point gap between the BoC (2.25%) and the Fed (3.75–4.00%) is the widest since 2022, which puts direct downward pressure on the loonie and upward pressure on Ca...
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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 double‑checking your numbers.
  • Your official contribution room is always available through your CRA My Account.
  • Investment gains inside a TFSA do not affect your contribution room.


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