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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Family Doctors Could Reduce ER Visits by 15% in Canada, Report Finds


A recent report by the Canadian Institute for Health Information (CIHI) reveals that 15% of emergency room visits in Canada could be managed by family doctors. The report, covering data from April 2023 to March 2024, highlights the significant role primary care could play in alleviating the pressure on emergency departments.

The findings indicate that many Canadians, especially those without regular access to a family doctor, turn to emergency departments for conditions that could be managed in primary care. This includes common ailments such as colds, sore throats, and ear infections. The report also suggests that over half of these visits could be managed virtually, pointing to the potential benefits of telemedicine.

Dr. Sunita Karmakar-Hore, CIHI’s manager of health system performance reporting, emphasized the need for improved access to primary and virtual care. "When access to a regular care provider is challenging, people often turn to emergency departments to receive the care they need," she said.

The report underscores the importance of addressing the shortage of family doctors and enhancing the availability of virtual care options to reduce unnecessary ER visits and improve overall healthcare efficiency in Canada.



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