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Federal Budget 2025: What It Means for Your Money

The 2025 federal budget introduces a mix of tax cuts, housing measures, and spending shifts that will directly affect Canadians’ day-to-day finances. While the government projects a significant deficit, the plan focuses on affordability and long-term growth. Here are eight key ways it impacts your wallet: 1. Lower Income Taxes The lowest federal tax bracket will be reduced from 15% to 14% starting mid-2025, giving middle-income earners some relief. 2. Vacant Home Measures The Underused Housing Tax will be expanded to discourage vacant and underutilized properties, aiming to free up more housing supply. 3. Student Loan Relief Repayment assistance will be enhanced, with lower income thresholds and capped monthly payments to ease the burden on graduates. 4. Consumer Protection New rules will cut down on excessive banking fees and strengthen protections for financial consumers, especially those with modest incomes. 5. Housing Affordability Programs Funding will support first-...

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Your lookahead weekly horoscope: January 12, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Mars and Neptune will fire your imagination and encourage you to follow a more creative path through life. If you possess an artistic talent you must strive to take it to a higher level this year. There really is no limit to what you can achieve.

ARIES (March 21 - April 20):

You will be called on to make a major decision over the next few days, most likely concerning your career. The important thing is that you give yourself plenty of time to consider all the options. You are not on the clock, so don’t rush it.

TAURUS (April 21 - May 21):

What happens this week could change your life in ways you had not expected. Monday’s full moon will encourage you to question some of the beliefs you have always taken for granted and your outlook on life will improve very much for the better.

GEMINI (May 22 - June 21):

You are in no mood to suffer fools and anyone who comes to you with a tale of woe will be sent away with a firm suggestion that they get their act together and sort out their own affairs. A harsh approach but a necessary one.

CANCER (June 22 - July 23):

If you go out of your way to help someone in need around the time of Monday’s full moon the universe will pay you back several times over later in the year when it is you who requires assistance. No good deed is ever forgotten.

LEO (July 24 - Aug. 23):

You will find yourself at odds with someone you live or work with over the next few days but the thing to keep in mind is that no matter how serious the situation appears to be it is in fact quite trivial. Don’t blow things out of proportion.

VIRGO (Aug. 24 - Sept. 23):

This is still an extremely positive time for you and not even the full moon will dent your belief that something wonderful is about to happen. The more others try to talk you down from your high position the more you will keep on climbing!

LIBRA (Sept. 24 - Oct. 23):

What you must realize this week is that the current full moon makes it a complete waste of time arguing with people. The simple fact is that your “truth” and their “truth” are poles apart and nothing is going to change that, so accept it and move on.

SCORPIO (Oct. 24 - Nov. 22):

Good things are heading your way and you will be smiling about them for months to come. However, you won’t get them for free, so be ready and willing to give up something in return – something you will actually be better off without.

SAGITTARIUS (Nov. 23 - Dec. 21):

What occurs next will make it abundantly clear that you must get your financial house in order, not next week or next month but right now. There is one particular money-making move you can make that could save you a fortune. Just do it.


CAPRICORN (Dec. 22 - Jan. 20):

It’s still early in the year and things are generally going well but the full moon in your opposite sign means you will have to make some far-reaching changes. Make them in the happy knowledge that your dreams are on the cusp of coming true.

AQUARIUS (Jan. 21 - Feb. 19):

Something of a trivial nature is annoying you more than it should and you must take steps to be rid of its influence once and for all. Major opportunities are heading your way and the last thing you need is to be distracted by petty worries.

PISCES (Feb. 20 - Mar. 20):

The desire to do something useful with your life means you must give yourself time and space to make a measured decision. On a deep inner level you already know what that something is, so allow it to rise to the surface of your mind.

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