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

Trump's Six Words: "I'm Going to Stop the Wars"


In a recent speech, President-elect Donald Trump uttered six enigmatic words that have sent ripples across the globe: "I'm going to stop the wars." This statement has left many nations, particularly Ukraine and Israel, on edge as they try to decipher the implications of his promise.

For Ukraine, Trump's words have sparked concerns about the future of U.S. support in their ongoing conflict with Russia. Ukrainian officials are wary of any potential shifts in American foreign policy that could affect their defense strategies and overall security.

In Israel, the reaction has been mixed. While some see Trump's statement as a potential end to ongoing conflicts, others worry about the broader implications for regional stability. Israeli leaders are particularly interested in how this promise might influence U.S. involvement in the Middle East and its support for Israel's security measures.

As the world watches closely, the true meaning behind Trump's words remains to be seen. Will his administration bring about a new era of peace, or will these six words lead to unforeseen consequences on the global stage?

Labels:

Comments

Post a Comment