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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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Escape the Cold: Four Warm-Weather Destinations for Winter

 


Winter is coming, but that doesn't mean you have to stay indoors and endure the cold. There are plenty of destinations where you can enjoy the sun, the sea, and the sand, even in the middle of December. Here are four warm-weather escapes for winter that will make you forget about the snow and ice.


1. Hawaii: The Aloha State is a classic choice for a winter getaway, with its tropical climate, stunning beaches, and diverse culture. You can explore the volcanoes, waterfalls, and rainforests of the Big Island, surf the waves of Oahu, or relax in the luxury resorts of Maui. Hawaii has something for everyone, whether you're looking for adventure, romance, or family fun.


2. Costa Rica: This Central American country is a paradise for nature lovers, with its rich biodiversity, lush rainforests, and abundant wildlife. You can zip-line through the canopy, hike to hidden waterfalls, or spot monkeys, sloths, and toucans in their natural habitat. Costa Rica also boasts some of the best surfing spots in the world, as well as beautiful beaches and hot springs.


3. Florida: The Sunshine State is a popular destination for winter travelers, especially those who want to experience the magic of Disney World. But Florida has more to offer than just theme parks. You can also enjoy the vibrant nightlife of Miami, the historic charm of St. Augustine, or the natural beauty of the Everglades. Florida is a great place to soak up some sun and have some fun.

4. Thailand: If you're looking for an exotic and affordable winter escape, Thailand is a great option. You can immerse yourself in the culture and cuisine of Bangkok, visit the ancient temples and palaces of Chiang Mai, or island-hop around the stunning Andaman Sea. Thailand is a country of contrasts, where you can experience both the modern and the traditional, the urban and the rural, and the serene and the lively.

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