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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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 Storms Gaza City Neighborhood, Orders Palestinians to Move South

 


In a recent escalation of the ongoing conflict, Israel stormed a neighborhood in Gaza City, directing Palestinians to move south. Tanks rolled into the Shejaia neighborhood, firing and causing destruction. Drones also attacked after overnight bombings. The Palestinian Civil Emergency Service reported casualties in Shejaia, but their teams were unable to reach the affected areas due to the ongoing offensive. Meanwhile, the armed wing of Hamas ally Islamic Jihad detonated an explosive device against an Israeli tank east of Shejaia.

The situation remains dire in Gaza, with aid officials warning of high famine risk. Almost half a million people face “catastrophic” food insecurity. Additionally, the death toll from malnutrition and dehydration has risen, with at least 31 children losing their lives. Israel denies creating famine conditions, attributing distribution problems to aid agencies and accusing Hamas of diverting aid.

This conflict continues to have devastating consequences for civilians, and urgent humanitarian efforts are needed to address the crisis.



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