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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Trump Delays Tariffs on Canada and Mexico to April 2

 

In a recent announcement, U.S. President Donald Trump has postponed the implementation of 25% tariffs on imports from Canada and Mexico to April 2. This decision comes after an initial deadline of March 4 was set earlier this month. The delay was revealed during Trump's first cabinet meeting, where he mentioned his superstition about starting the tariffs on April 1.

The tariffs, which target non-energy goods from Canada and various imports from Mexico, have been a point of contention between the U.S. and its neighboring countries. Canadian officials and premiers have been actively engaging with the Trump administration in an attempt to negotiate a resolution.

The announcement has led to fluctuations in the value of the Canadian dollar and Mexican peso, reflecting the uncertainty surrounding the trade policies. As the new deadline approaches, the focus will be on how Canada and Mexico respond to the U.S. demands and whether further delays or adjustments will be made.



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