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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Your daily horoscope: March 20, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Not only must you stand up for your own interests this year but you must stand up for people who are not as fearless as you as well. The more you help those who can’t help themselves the more the universe will send peace and prosperity your way.

ARIES (March 21 - April 20):

The sun’s move into your birth sign means you should be looking ahead and preparing for something big to happen. That something may not be entirely clear at the moment but it will come more into focus as the days go by, so stay sharp.

TAURUS (April 21 - May 21):

If you look back over the past 12 months you will come to the conclusion that your life has changed beyond recognition and mostly for the good. That awareness will cheer you up and make you believe that even more is possible – and it is!

GEMINI (May 22 - June 21):

The sun’s change of signs today means that some of the ideas you come up with will be realistic and radical at the same time. Some of your insights may even be touched by genius. Make sure you are the one who benefits from them.

CANCER (June 22 - July 23):

The sun moves into the career area of your chart today and changes in the way you work, and maybe even the place you work, will be on the agenda. Don’t be too eager to alter things though as there may be a few surprises in store.

LEO (July 24 - Aug. 23):

You may be a bit short of cash at the moment but that cannot be allowed to hold you back from pursuing your dreams. If you want something enough you will get opportunities to move toward it soon, and it won’t cost you a cent.

VIRGO (Aug. 24 - Sept. 23):

Keep what you are planning to yourself today because if the wrong person hears about it they may try to make things difficult for you. Fortunately, you are not the sort to be too open about what you are doing and who you are seeing. Keep them guessing.

LIBRA (Sept. 24 - Oct. 23):

Cosmic activity in your opposite sign will encourage you to get your act together and make sure that you are the one who benefits most from joint activities. Some of your colleagues are super competitive and you will need to be competitive too.

SCORPIO (Oct. 24 - Nov. 22):

The fact that you have strong opinions about a situation will put you at odds with someone whose views are very different to your own. It might be smart to stay out of this person’s way for a day or two. Open conflict is best avoided.

SAGITTARIUS (Nov. 23 - Dec. 21):

You don’t have to do anything special today but you do need to set your sights high and promise yourself that under no circumstances will you be lowering them. The more others say you are risking disaster the more adventurous you will be.


CAPRICORN (Dec. 22 - Jan. 20):

Differences of opinion are inevitable over the next few days, so take them in your stride and don’t let other people’s histrionics get to you. The more they cry and moan the more you will laugh, because it really is a bit of a joke.

AQUARIUS (Jan. 21 - Feb. 19):

If someone tells you to go one way today you will inevitably move in the opposite direction. The danger is they could be saying the opposite of what they want you to do because they know you will disagree. Watch out you don’t get double bluffed!

PISCES (Feb. 20 - Mar. 20):

What you own and earn will be at the forefront of your thinking today. It’s good that you are looking ahead and investigating ways to boost your income but put aside time for family and friends as well. It’s not all about dollars and cents.

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