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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Teen Injured After Fall from Ride at Canada’s Wonderland

 

A 17-year-old girl was taken to the hospital after falling from a ride at Canada’s Wonderland in Vaughan, Ontario. The incident occurred on Thursday afternoon when the teenager was on the “Swing of the Century” ride. 

Eyewitness accounts suggest that the fall, which happened around 2:30 p.m., was the result of a medical episode. Operators of the ride reported a “guest injury,” and park medical staff and paramedics responded promptly. The safety of guests and associates remains a top priority as an incident investigation is underway.


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