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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Gaza Ceasefire Deal Reached: Hostages to be Freed Amidst Ongoing Negotiations


In a significant breakthrough, officials have announced a ceasefire deal to end 15 months of fighting in the Gaza Strip. The agreement, brokered by the United States, Qatar, and Egypt, includes the release of dozens of hostages held in Gaza and Palestinian prisoners in Israeli jails. This marks the first real break in violence since a weeklong truce expired in December 2023.

However, Israeli Prime Minister Benjamin Netanyahu has stated that several unresolved clauses remain, and the details are still being finalized. Netanyahu emphasized that the deal must receive approval from his security Cabinet and the full Cabinet before it can be implemented.

The ceasefire deal is set to bring much-needed relief to civilians in Gaza, who have endured a brutal winter amid ongoing conflict. The agreement will also allow displaced Palestinians to return to their homes and facilitate the transfer of humanitarian aid to the region.

While the news has been met with celebration, it is also bittersweet for families of those who have lost loved ones. The release of hostages is a step towards peace, but the journey to fully resolve the conflict continues.



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