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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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Tax season is upon us, and staying informed can make the process smoother and less stressful. Here are some essential updates and tips for the 2025 tax-filing season:

  •  Important Deadlines: 
    •    The deadline for most individuals to file and pay taxes is April 30, 2025. 
    •    Self-employed individuals have until June 16, 2025, to file, but any taxes owed must still be paid by April 30 to avoid interest.

  • New Changes:
    •   Federal income tax brackets have been adjusted to account for inflation, with rates ranging from 15% for earnings up to $57,375 to 33% for earnings above $253,414.
      • The contribution limit for Registered Retirement Savings Plans (RRSPs) has increased to $32,490.
    •  The Tax-Free Savings Account (TFSA) contribution room remains at $7,000 for 2025.

  •  Digital Services Enhancements:
    • The Canada Revenue Agency (CRA) now offers a document verification service for quicker access to online accounts.
    • A live chat feature is available in the CRA's "My Account" portal for personalized assistance.

  • Filing Tips:
    • File early to avoid last-minute stress and ensure quicker refunds.
    • Double-check all tax slips and receipts to claim every eligible credit and deduction.
    • Consider seeking help from free tax clinics if you have a modest income and a simple tax situation.

By staying organized and informed, you can make the most of this tax season and potentially maximize your refund.



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