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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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U.S. Bid for Greenland Reignites Global Debate



Trump Reasserts Interest in Acquiring the Arctic Territory

President Donald Trump has revived his interest in bringing Greenland under U.S. control, stating that the United States intends to pursue the acquisition “whether they like it or not.” His remarks, delivered during a meeting focused on national security and resource strategy, emphasized Greenland’s strategic value in the Arctic and the importance of preventing rival powers from gaining influence there.

Trump suggested he would prefer a cooperative agreement but made clear that the United States is prepared to explore more assertive options if negotiations fail. The comments have stirred renewed diplomatic friction with Denmark, which maintains sovereignty over Greenland, and with Greenlandic leaders who have repeatedly affirmed that the island is not for sale.

Officials in Greenland have stressed that decisions about the island’s future rest with its people, who have shown no interest in becoming part of the United States. Danish leaders echoed this stance, calling the idea of a forced acquisition unrealistic and unwelcome.

The renewed push has raised concerns among NATO allies about stability in the Arctic, a region already marked by increasing geopolitical competition. While the United States has long maintained a military presence in Greenland, Trump argues that the current arrangements do not adequately protect American strategic interests.

As tensions simmer, Greenland’s leaders continue to assert their autonomy, while Washington signals it is not backing away from its ambitions in the Arctic.


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