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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Ukraine Signals Readiness for Ceasefire Amid U.S. Push for Peace

 

In a significant development, Ukraine has expressed its willingness to accept a U.S.-proposed 30-day ceasefire, contingent on Russia's agreement. This announcement follows high-level peace talks held in Jeddah, Saudi Arabia, between Ukrainian and U.S. officials. The proposed ceasefire, which could be extended by mutual consent, aims to halt hostilities and pave the way for lasting peace.

The United States has emphasized that the success of this initiative hinges on Russia's reciprocity. U.S. Secretary of State Marco Rubio remarked, "The ball is in Russia's court," underscoring the importance of Moscow's cooperation in achieving peace. The U.S. has also pledged to resume military aid and intelligence sharing with Ukraine, signaling its commitment to supporting Kyiv during this critical juncture.

The talks in Saudi Arabia also touched on broader issues, including potential prisoner exchanges and the return of Ukrainian children taken to Russia. Both sides have expressed hope that this ceasefire could serve as a stepping stone toward ending the three-year-long conflict.

As the world watches, the focus now shifts to Russia's response. Will Moscow seize this opportunity for peace, or will the conflict continue to claim lives and devastate communities? The coming days will be crucial in determining the trajectory of this war.

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