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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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U.S. Presidential Election: Key Updates and What to Watch For

 

As the U.S. presidential election approaches, both candidates are making their final push to secure votes. Former President Donald Trump and Vice President Kamala Harris are focusing on key battleground states, with rallies and events planned throughout the day.

Trump is scheduled to hold rallies in North Carolina and Pennsylvania, ending his day in Grand Rapids, Michigan. Harris will spend the day in Pennsylvania, visiting cities like Scranton, Allentown, Reading, Pittsburgh, and Philadelphia. Both campaigns are emphasizing the importance of voter turnout, with millions of Americans having already cast their early ballots.

Polls show a tight race, with several key states expected to determine the outcome. The candidates are making their final appeals to voters, highlighting their respective platforms and addressing critical issues such as the economy, healthcare, and national security.

As the nation prepares for Election Day, the world watches closely, anticipating the results of this historic election.



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