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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Israel Accused of Using White Phosphorus on Residential Buildings in Lebanon

 

A global human rights group has accused Israel of using white phosphorus incendiary shells on residential buildings in at least five towns and villages in conflict-hit southern Lebanon. The report, published by Human Rights Watch (HRW), raises concerns about potential harm to civilians and violations of international law.

White phosphorus is a controversial substance that can set buildings on fire and burn human flesh down to the bone. Survivors face risks of infections and organ or respiratory failure, even from small burns. While Israel maintains that it uses white phosphorus only as a smokescreen and not to target civilians, the evidence suggests otherwise.

The HRW report includes interviews with residents in conflict-hit southern Lebanon and verifies images showing white phosphorus shells landing on residential buildings. The Lebanese Health Ministry reports that at least 173 people have required medical care after exposure to white phosphorus.

This recent use of white phosphorus in Lebanon should prompt other countries to take action. HRW calls on the Lebanese government to allow the International Criminal Court to investigate and prosecute “grave international crimes” within Lebanon since October 2023.


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