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Ukraine’s Neptune Missiles Strike Novorossiysk Port, Damaging Key Russian Infrastructure

  Ukraine's President Volodymyr Zelenskiy awards a Ukrainian serviceman while he visits a command position of the 65th Separate Mechanized Brigade 'Velykyi Luh' at a front line, amid Russia's attack on Ukraine, in Zaporizhzhia region, Ukraine November 13, 2025. Ukrainian forces carried out a significant overnight strike on Russia’s Black Sea port of Novorossiysk , using domestically produced Neptune cruise missiles . The attack, which took place on the night of November 13–14, 2025 , targeted strategic military and energy facilities in the port city of Krasnodar Krai. According to Ukraine’s General Staff, the strike damaged valuable port infrastructure , including the Sheskharis oil terminal , a launcher from Russia’s S-400 air defense system , and a missile storage site. The latter reportedly detonated, causing fires across the port area. Video footage and reports confirmed that drones accompanied the missile barrage, amplifying the destruction. President Volodymyr ...
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RRSP 2024 Deadline: What You Need to Know (and Whether You Should Contribute)

 


As the RRSP contribution deadline for 2024 approaches, it’s essential to understand the basics of Registered Retirement Savings Plans (RRSPs) and make informed decisions about your financial future. Let’s dive into the key points:

What Is an RRSP?

An RRSP (Registered Retirement Savings Plan) is a tax-sheltered investment vehicle available to Canadians. Here’s how it works:

  1. Tax Deductions: Contributions to your RRSP are tax-deductible. When you contribute, your effective earned income decreases, resulting in a lower marginal tax rate.
  2. Tax-Deferred Growth: Any gains made within an RRSP are tax-deferred. You only pay taxes when you withdraw funds.
  3. Annual Contribution Limit: RRSPs have an annual contribution limit, which carries over any unused room from previous years.

RRSP Contribution Deadline for 2024

The RRSP contribution deadline for the 2023 tax year is February 29, 2024. Contributions made during the first 60 days of the year can be applied against the previous taxation year or any subsequent year.

Why Contribute to an RRSP?

  1. Tax Benefits: RRSPs offer attractive tax characteristics. Contributions are both tax-deductible and tax-deferred.
  2. Retirement Planning: RRSPs help you prepare for retirement by building a nest egg.
  3. Investment Flexibility: RRSPs can hold various investment vehicles, including bonds, mutual funds, equities, and more.

Should You Contribute?

While RRSPs remain stalwart financial choices, some experts advise caution. Consider the following factors:

  1. Stretching Finances: Many Canadians feel stretched when saving for retirement.
  2. Alternatives: Newer options like the First Home Savings Account (FHSA) may be worth exploring.
  3. Individual Circumstances: Assess your financial situation and goals before contributing.

Remember that RRSPs play a crucial role in long-term financial planning. Consult with a financial advisor to determine the best approach for your unique circumstances.

Maximize your RRSP contributions where possible, stay informed about deadlines, and make decisions that align with your financial objectives. Whether you’re a seasoned investor or just starting, RRSPs remain a valuable tool for securing your financial future.


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