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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Wall Street Opens 2025 with a Dip as Tesla's Delivery Woes Weigh Down Market


Wall Street kicked off 2025 on a somber note as the Dow Jones Industrial Average fell by 248.02 points (-0.58%) to 42,296.20. The S&P 500 and Nasdaq Composite also experienced slight declines, with Tesla's disappointing delivery figures being a significant drag on the market.

Despite the overall market downturn, there were some bright spots. Chipmakers Nvidia and Broadcom saw their shares rise, and crypto-linked stocks like **MicroStrategy** also gained. Analysts remain optimistic about the year ahead, predicting strong growth, albeit at a slower pace compared to previous years.

Investors are now looking ahead to see if the market can recover from this initial stumble and build momentum as the year progresses.




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