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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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Maximizing Fun and Memories on Your Vacation




Having fun on your vacation is all about embracing new experiences and immersing yourself in the destination's unique offerings. Start by planning activities that align with your interests, whether it's exploring historical landmarks, basking in the beauty of nature, or indulging in local cuisine.


 Allow yourself to be spontaneous and open to unexpected opportunities, such as joining local festivities or making new friends. Capture memories through photographs, but also take moments to appreciate the present without distraction. 


Embrace relaxation by lounging on the beach, reading a book, or simply doing nothing at all. The key to a truly enjoyable vacation is finding the right balance between planned activities and moments of serendipity, ensuring you return home with a heart full of cherished memories and a refreshed spirit.

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