Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israel Prepares for All Scenarios Amid Ceasefire Efforts

 


Israeli Defence Minister Yoav Gallant emphasized today that while Israel is not seeking to escalate the ongoing conflict, it is preparing for all possible scenarios. This statement comes as U.S. Secretary of State Antony Blinken continues to push for a ceasefire.

During a visit to air defense officers, Gallant praised the forces involved in a recent operation in Beirut, which targeted a Hezbollah commander responsible for a rocket attack that killed 12 children and teenagers in the Golan Heights. “The performance last night in Beirut was focused, high quality, and contained,” Gallant stated. He reiterated that Israel’s primary goal is to avoid further conflict but stressed the importance of being prepared for any developments.

Blinken, on his part, has been advocating for a ceasefire, hoping it will lead to a reduction in tensions not only in Gaza but also in Lebanon. The international community watches closely as both sides navigate this delicate situation, with hopes for a peaceful resolution remaining high.


Labels:

Comments

Post a Comment