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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Woman Faces Multiple Charges in Taylor Swift Eras Tour Ticket Scam, Toronto Police Say

 

 Toronto police have arrested a woman from Burlington, Ontario, for allegedly scamming dozens of Taylor Swift fans out of nearly $70,000 by selling fraudulent concert tickets. The accused, who used the alias "Denise Blackhawk," allegedly sold fake tickets for Swift's Eras Tour on Facebook Marketplace.

Victims sent e-transfers for the tickets, believing they would receive them closer to the concert date. However, on the day of the show, the tickets were never transferred, and when victims requested refunds, they were told the money was gone. The accused faces 32 counts of fraud under $5,000 and possession of property obtained by crime under $5,000, as well as one count each of fraud over $5,000 and possession of property obtained by crime over $5,000.

Toronto police are working with Halton Regional Police Service on the investigation and believe there may be more victims. The accused is scheduled to appear in court on January 10, 2025.




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