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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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Canada and Greece Strengthen Ties: Prime Minister Trudeau Hosts Greek Counterpart

 

Today, Prime Minister Justin Trudeau welcomed the Prime Minister of the Hellenic Republic, Kyriakos Mitsotakis, to Montréal. The occasion? Greek Independence Day, a celebration of freedom, resilience, and shared values.

Canada and Greece share a deep-rooted history. Our common commitment to democracy, human rights, and the rule of law has forged an enduring friendship. As NATO Allies and transatlantic partners, we stand shoulder to shoulder, advancing international peace, security, and development.

Climate change knows no borders. Together, we pledge to tackle its impact through the NATO Climate Change and Security Center of Excellence in Montréal. We’ll work to make countries more resilient, addressing crises like climate change, biodiversity loss, and pollution.

Canada applauds Greece’s recent legalization of same-sex marriages. We reaffirm our commitment to supporting LGBTQ rights at home and around the world. Additionally, we collaborate on Women, Peace, and Security initiatives.

The Canada-EU Comprehensive Economic and Trade Agreement (CETA) has opened doors for Greek and Canadian businesses. Since its provisional application in 2017, trade between our nations has grown by 80%. We see immense potential for further growth in sectors like aerospace, defense, security, professional training, and tourism.

In a significant move, Greece and the Canadian Commercial Corporation signed an agreement for Greece to acquire seven state-of-the-art DHC-515 firefighting aircraft. These planes will combat devastating forest fires that increasingly ravage Southern Europe. This collaboration exemplifies our dynamic trade and economic partnership.

As we deepen our friendship, let us continue working together to promote peace, stability, and prosperity worldwide.


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