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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Workers Rally for Greater Labor Rights on May Day

 

May Day, observed on May 1, is a significant date for workers across the globe. This year, workers and activists in Asian capitals and European cities took to the streets to mark the occasion with rallies and marches. Their collective demand: greater labor rights.

Rising Prices and Labor Policies

The May Day rallies were fueled by rising prices and dissatisfaction with government labor policies. Hundreds of Filipino workers in Manila, Philippines, marched to demand wage increases and job security amid soaring food and oil prices. In Seoul, South Korea, members of the Korean Confederation of Trade Unions gathered for a rally, echoing the call for better working conditions. Similarly, participants in Tokyo, Japan, marched after a May Day rally, emphasizing the need for labor rights.

A Global Celebration of Workers’ Rights

May Day serves as a reminder of the importance of workers’ rights. It’s a day when people come together to advocate for fair treatment, improved working conditions, and equitable wages. Across Asia and Europe, the rallies underscored the shared struggle for better labor rights and the need for governments to address workers’ concerns.

As we commemorate May Day, let us recognize the resilience and determination of workers worldwide. Their collective voice continues to shape policies and advocate for a fairer, more just labor landscape. 


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