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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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 Strip Airstrikes: A Tragic Toll

 

On Thursday, Israeli airstrikes resulted in the deaths of at least 26 people across the Gaza Strip. The strikes targeted Hamas security officers and an Israeli-declared humanitarian zone. Among the casualties were three children and two senior Hamas police officers. 

The strikes have exacerbated the already dire humanitarian situation in Gaza, where hundreds of thousands of displaced people are seeking shelter. The ongoing conflict has led to widespread destruction and significant loss of life, with over 45,000 Palestinians killed since the war began. The international community continues to call for a ceasefire and a peaceful resolution to the conflict.

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