Skip to main content

Featured

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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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...
Post a Comment
Read more

article

Labels

Israeli Troops Recover Slain Gaza Hostage; Egypt to Host New Truce Talks

 

On Saturday, Israeli special forces successfully recovered the body of a hostage who had been held captive in Gaza. Elad Katzir, a 47-year-old farmer from Kibbutz Nir Oz, was among the 253 people abducted during an October 7 cross-border rampage by Hamas-led Palestinian gunmen. His tragic fate unfolded three months after he pleaded for his release in a video issued by his Palestinian Islamic Jihad captors.

Katzir’s father, Avraham, was also among the victims killed during the same incident, according to official tallies. His mother, Hanna, was initially taken hostage but was later freed in November under a ceasefire agreement with Hamas, Gaza’s dominant Islamist movement.

The recovery of Katzir’s body comes amidst ongoing efforts by Qatari and Egyptian mediators to secure a truce that might lead to the release of the remaining 129 hostages. Hamas, keen on ending the war, has engaged in negotiations, while Israel remains resolute in its determination to continue fighting until Hamas falls.

In a poignant video posted by Islamic Jihad on January 8, Katzir expressed his gratitude for still being alive despite the harrowing circumstances: “I was close to dying more than once. It’s a miracle I’m still alive … I want to tell my family that I love them very much and I miss them very much.”

Israel has declared at least 35 hostages as deceased in Gaza captivity, with some having been killed in Israeli strikes. In several cases, hostages whose bodies were recovered bore signs of execution.

As the delicate negotiations continue, the world watches closely, hoping for a resolution that will bring an end to the suffering and uncertainty faced by those still held captive in the conflict-ridden region.


Labels:

Comments

Post a Comment