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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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China Engages WHO Amid Rising HMPV Cases




The Chinese Foreign Ministry confirmed on Friday that it has been in close communication with the World Health Organization (WHO) regarding the recent surge in human metapneumovirus (HMPV) cases. The Chinese government emphasized its commitment to public health, both for its citizens and foreign nationals within the country.

HMPV, a respiratory virus that has been circulating in humans for over 60 years, typically causes symptoms similar to the common cold or flu. According to the latest report from China's Center for Disease Control and Prevention (CDC), HMPV cases remain high, aligning with trends observed in other parts of the northern hemisphere.

Despite the rise in cases, the Chinese government reassured the public that HMPV is not a new or unknown virus. "It is alarmist to exaggerate common viruses as unknown viruses, which goes against scientific common sense," stated Guo Jiakun, a foreign ministry spokesperson.

The WHO has also been in contact with Chinese health officials and has not received any reports of unusual outbreak patterns. Both organizations continue to monitor the situation closely, ensuring that appropriate measures are in place to manage the spread of respiratory diseases.



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