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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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

Israel Orders New Evacuations in Rafah as it Prepares to Expand Military Operations

 

In a significant development, Israel has ordered new evacuations in Gaza’s southern city of Rafah. Tens of thousands of people are being forced to move as the Israeli military prepares to expand its operations closer to the heavily populated central area. This move comes despite growing pressure from close ally the United States and other international actors.

The situation in Rafah is critical. Israel has already evacuated the eastern third of the city, which is considered the last refuge in Gaza. However, the United Nations and other agencies have warned that a full-scale invasion of Rafah would have dire consequences for humanitarian operations and could lead to a surge in civilian casualties. Rafah shares a border with Egypt near the main aid entry points, which have already been affected by the conflict.

U.S. President Joe Biden has taken a firm stance, stating that offensive weapons will not be provided to Israel for its operations in Rafah. The U.S. report also highlighted “reasonable” evidence that Israel breached international law protecting civilians during its war against Hamas. In response, Israel emphasized its compliance with the laws of armed conflict and its efforts to minimize civilian casualties.

More than 1.4 million Palestinians—half of Gaza’s population—have sought refuge in Rafah, most of them fleeing Israel’s offensives elsewhere. The ongoing evacuations are forcing people to return north to areas that have already been devastated by previous Israeli attacks. Displaced residents are grappling with the difficult decision of leaving their homes in search of safety. As one Rafah resident put it, “The Israeli army does not have a safe area in Gaza. They target everything” .

The situation remains tense, and the international community closely watches the developments in Rafah. The impact on civilians and humanitarian operations cannot be overstated, and efforts to find a peaceful resolution continue amidst the escalating conflict.


Labels:

Comments

Post a Comment