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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Hospitals Overwhelmed as New Virus Spreads in China

Hospitals across northern China are facing unprecedented pressure as a surge in cases of Human Metapneumovirus (HMPV) overwhelms healthcare systems. The virus, which causes flu-like symptoms, has led to overcrowded emergency rooms and intensive care units, reminiscent of the early days of the COVID-19 pandemic.

HMPV, a respiratory virus discovered in 2001, typically causes mild symptoms such as cough, fever, and congestion. However, this winter has seen a significant spike in infections, particularly among children and the elderly. Health authorities are implementing emergency measures to manage the outbreak, but the sheer volume of cases is straining resources.

The Chinese Center for Disease Control and Prevention (CDC) has reported that while the virus is not new, the current outbreak is more severe than usual. Officials are urging the public to take precautions such as frequent handwashing, wearing masks, and avoiding close contact with sick individuals.

Despite the challenges, experts remain optimistic that the situation can be managed with coordinated efforts and public cooperation. The global community is closely monitoring the situation, hoping to prevent a repeat of the widespread impact seen during the COVID-19 pandemic.

As the world watches, the resilience of China's healthcare system and the effectiveness of its response will be put to the test once again.



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