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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Bitcoin Surpasses $100,000: A Landmark Achievement for Cryptocurrency

 

In a highly anticipated milestone, Bitcoin has finally breached the $100,000 mark. This significant achievement comes amid a surge in investor optimism following the election of President Donald Trump, who has signaled a more crypto-friendly regulatory environment.

The cryptocurrency's price soared past $100,000 late Wednesday night, reaching $101,512 at its peak. This rally was largely driven by Trump's nomination of Paul Atkins to chair the Securities and Exchange Commission (SEC). Atkins, known for his pro-crypto stance, is expected to ease the regulatory pressures that have previously hindered the industry's growth.

Bitcoin's journey to $100,000 has been marked by volatility, but the recent political developments have provided a much-needed boost. Analysts predict that this milestone could pave the way for further growth, with some even suggesting that Bitcoin could reach $125,000 by the end of the year.

Despite the celebratory mood, experts caution investors to remain vigilant. The cryptocurrency market is known for its unpredictability, and while the current trend is positive, it is essential to stay informed and cautious.

As Bitcoin continues to make headlines, the world watches with bated breath to see what the future holds for this groundbreaking digital asset.




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