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Canadians Gain More Room to Save with 2025 TFSA Limit

  The Tax-Free Savings Account (TFSA) contribution limit for 2025 has been set at $7,000 , giving Canadians another opportunity to grow their investments tax-free. Since its launch in 2009, the TFSA has become one of the most popular savings tools in the country, offering flexibility and tax advantages that appeal to both short-term savers and long-term investors. For those who have never contributed to a TFSA and were eligible since the beginning, the total cumulative contribution room now stands at $102,000 . This allows Canadians to deposit a significant amount into their accounts without worrying about taxes on investment gains, dividends, or withdrawals. One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year . This makes it ideal for saving toward major purchases, retirement, or even emergency funds. Unlike RRSPs, contributions are not tax-deductible, but the growth inside the...
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A Spectacle in the Sky: The 2024 Total Solar Eclipse

 


North America is set to witness a breathtaking celestial event on April 8, 2024—a total solar eclipse that will transform day into night for a brief moment. This rare occurrence, the second of its kind in the U.S. since 1918, promises to captivate viewers from Mexico to Canada.

Path of Totality The eclipse will be fully visible in 13 states, stretching from Texas to Maine. Those situated along the path of totality will experience the moon obscuring the sun for approximately 268 seconds, revealing the stunning solar corona.

Community Anticipation Excitement is mounting as cities within the path prepare for an influx of tourists. Austin, Texas, anticipates a million visitors, while Aroostook County, Maine, grapples with the logistics of accommodating thousands.

Safety First Viewing the eclipse requires caution. It’s imperative to use specialized eye protection or alternative methods like a pinhole projection box to prevent retinal damage.

Educational Impact The eclipse’s educational significance has prompted many school districts to close for the day, ensuring student safety and allowing communities to partake in this historic event.

As the eclipse approaches, preparations are underway to ensure a safe and memorable experience for all who gather to witness this natural wonder. Remember, never look directly at the sun without proper protection.


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