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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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

 

Retail giant Walmart has taken a firm stance against implementing panic buttons in its stores. The New York State Senate recently passed legislation requiring major retail chains, including Walmart, to install panic buttons in easily accessible locations or provide wearable/mobile-phone-activated panic buttons for staff. However, Walmart’s top corporate affairs officer, Dan Bartlett, expressed concerns about false alarms triggered by panic buttons. He emphasized that most incidents turn out to be non-emergencies.

Walmart operates 4,700 stores nationwide, including 98 in New York state. The legislation now awaits New York Governor Kathy Hochul’s decision. If she takes no action within 10 days, the Retail Worker Safety Act will automatically become state law. The bill also mandates violence prevention and safety training for retailers with 10 or more employees.

While Walmart’s workforce is not unionized, the Retail, Wholesale and Department Store Union (RWDSU) has advocated for the bill to become law in New York. At Walmart’s recent annual meeting, some employee shareholders proposed an independent review of workplace safety policies, but the proposal was defeated.

In summary, Walmart’s opposition to panic buttons reflects concerns about practicality and false alarms, even as the debate continues over ensuring safety for retail workers.


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