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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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

Heatwave Tragedies: Dutch Tourist Found Dead on Greek Island, Others Missing

 

In the scorching heat of a relentless early-summer heatwave, tragedy has struck the idyllic Greek islands. Dr. Michael Mosley’s death made headlines in the UK, but he is not alone. At least four other visitors have lost their lives recently. The heatwave, which meteorologists predict will “go down in history,” has prompted warnings for people to stay indoors between 11 am and 3 pm.

The Acropolis in Athens closed, schools and nurseries shut, and temperatures soared to a blistering 43°C in some places. Greece faces its longest recorded heatwave, lasting 16 days. Experts fear this could be a grim sign of summers to come, with the country on the frontline of global warming.

Tourists have fallen victim to the extreme conditions. On the island of Symi, Dr. Mosley was found dead after a hike in scorching heat. Meanwhile, an American tourist’s body was discovered on the small Greek island of Mathraki. And on Samos, a 74-year-old Dutch tourist vanished while hiking. His body was later found in a gorge.

Let us remember these lives lost and heed the warnings as temperatures continue to rise

Labels:

Comments

Post a Comment