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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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Your daily horoscope: January 10, 2026

 

IF TODAY IS YOUR BIRTHDAY

You will have to make some major compromises over the coming year and while not all of them will be easy they will, in total, add up to a very good investment. Make sure you are guided by common sense rather than by your ego.

ARIES (March 21 - April 20):

Go ahead and live your wildest dream. If there is something you really want to do but have been holding back on because you feared what others might say then get rid of your doubts and go after it now. Only good things will come of it.

TAURUS (April 21 - May 21):

You know you are destined for bigger and better things, but you are finding it hard to work out exactly what those things might be. Give yourself some time and space this weekend to consider your options and then make a final choice.

GEMINI (May 22 - June 21):

This weekend’s Mars-Jupiter link cuts across the financial axis of your chart, so you cannot afford to be reckless with money, either your own or other people’s. The message of the stars is clear:Tthis is not a good time to take risks.

CANCER (June 22 - July 23):

Jupiter in your sign is a wonderful influence but as it is opposed by the sun and Mars this weekend you won’t get everything your own way. Accept that compromise is inevitable and get the best deal you can without causing bad feelings.

LEO (July 24 - Aug. 23):

You may be tempted to get assistance from a friend or family member who occupies a position of power this weekend but the planets warn if you do the cost will be high. Do you really need help? See how far you can go by yourself.

VIRGO (Aug. 24 - Sept. 23):

If you know what you want there is no power on Earth that can stop you from getting it. The only problem is that once you have got it you may decide it wasn’t what you wanted after all. It’s not essential, so give it a miss.

LIBRA (Sept. 24 - Oct. 23):

The best way to stay on good terms with friends and colleagues is by accepting that their desires are not the same as your own. Don’t try to push them in a direction they don’t want to go, and don’t let them push you in the opposite direction.

SCORPIO (Oct. 24 - Nov. 22):

You cannot allow a disagreement of some kind to carry on any longer. Make an effort to reach out to a rival this weekend and let them know you are ready to compromise. Half a win, for both of you, is better than no win at all.

SAGITTARIUS (Nov. 23 - Dec. 21):

You may not be the sort to back down but you are smart enough to recognize that you went too far earlier in the week. Be smart and back away from a claim you can now see was untrue. It could save you a lot of money.

CAPRICORN (Dec. 22 - Jan. 20):

Mars in your sign endows you with the kind of self-belief that moves mountains but because it’s at odds with Jupiter this weekend there is a danger the mountain could tip over on you. Be adventurous by all means but don’t be reckless.

AQUARIUS (Jan. 21 - Feb. 19):

Have you been too lenient with someone who deserved a harsher response? Probably, but there’s no need to blame yourself because it’s better to have too soft a heart than a heart of stone. Hopefully they are smart enough to realize that too.

PISCES (Feb. 20 - Mar. 20):

Don’t let your current run of good fortune blind you to the fact that things could easily change. What occurs over the next 48 hours will remind you that in the game of life you can be a winner one moment and a loser the next.

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