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Tragedy in the Sierra: Avalanche Claims Lives of Nine Backcountry Skiers

Snow falls on Tuesday in Truckee, California. Crews were looking for multiple backcountry skiers feared missing after a reported avalanche. A devastating avalanche in California’s Sierra Nevada has claimed the lives of eight backcountry skiers, with a ninth individual presumed dead as rescue efforts continue. Authorities say the group was traveling in a remote, high-risk zone when the slide occurred, burying the skiers under deep, unstable snowpack. Search-and-rescue teams, battling harsh winter conditions and ongoing avalanche danger, recovered multiple victims shortly after the incident. Despite extensive efforts, officials now believe the final missing skier could not have survived. The event marks one of the deadliest avalanche disasters in the state’s history and has renewed calls for heightened caution among winter recreationists. Experts warn that rapidly shifting weather patterns have created unpredictable snow conditions across the region, increasing the likelihood of large...
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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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