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Rising Tensions: Reports Hint at Possible U.S. Move Toward Iran

In this frame grab from footage circulating on social media from Iran, protesters once again take to the streets of Tehran despite an intensifying crackdown as the Islamic Republic remains cut off from the rest of the world in Tehran, Iran, January 10, 2026. Regional tensions have intensified as Israeli officials place the country on heightened alert amid growing speculation that the United States may be preparing to take action involving Iran. The shift comes at a moment when Iran is facing widespread domestic unrest, with demonstrations erupting across major cities and drawing international attention. Washington has issued increasingly sharp warnings to Iran’s leadership about the use of force against protesters, emphasizing that the U.S. is monitoring the situation closely. While American officials have not confirmed any operational plans, the possibility of U.S. involvement is being taken seriously by regional governments. The heightened alert follows a period of volatility mark...
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CRA 2025: New TFSA Limits, Adjusted Tax Brackets, and More!

 

The Canada Revenue Agency (CRA) has announced several key updates for 2025 that will impact taxpayers across the country. Here's a brief overview of the most notable changes:


New TFSA Limits

Starting January 1, 2025, Canadians will be able to contribute an additional $7,000 to their Tax-Free Savings Account (TFSA), bringing the total contribution room to $102,000 for those who have maximized their contributions since the program's inception in 2009. This increase is indexed to inflation and aims to provide more flexibility for savings and investment.


Adjusted Tax Brackets

In response to inflation, the CRA has adjusted the federal tax brackets for 2025. The new brackets are as follows:

  • 0 to $57,375: 15%
  • $57,375 to $114,750: 20.5%
  • $114,750 to $177,882: 26%
  • $177,882 to $253,414: 29%
  • Above $253,414: 33%

These adjustments are designed to ensure that taxpayers are not pushed into higher tax brackets solely due to inflation.


Other Updates

  • The basic personal amount (BPA) has been increased to $16,129, allowing individuals to earn this amount without paying federal income tax.
  • The Canada Pension Plan (CPP) benefits will see a 2.7% inflation adjustment, providing a slight increase in payments.

These changes reflect the CRA's ongoing efforts to adapt to economic conditions and support Canadians in managing their finances effectively.




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