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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Carney to Request Dissolution of Parliament, Election Expected


Prime Minister Mark Carney is set to visit Governor General Mary Simon this Sunday to request the dissolution of Parliament, paving the way for a federal election. This move comes just a week after Carney's swearing-in as Prime Minister and the appointment of his cabinet.

The election campaign is anticipated to last between 36 and 50 days, with voting day likely to fall on either April 28 or May 5. Recent polls suggest a tight race, with Carney's Liberal Party holding a slight edge over Pierre Poilievre's Conservatives. However, the Liberals' broader geographic voter base could give them an advantage in securing more seats.

This election call comes at a critical juncture, as party leaders prepare to solidify support in key battleground provinces like Ontario, Quebec, and British Columbia. The outcome could shape Canada's political landscape for years to come.

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