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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Devastating Storms Leave U.S. South and Midwest Reeling


A relentless storm system has wreaked havoc across the U.S. South and Midwest, leaving communities grappling with rising rivers and widespread destruction. Torrential rains and powerful tornadoes have claimed at least 18 lives, with Tennessee bearing the brunt of the fatalities. 

Floodwaters have inundated homes, roads, and critical infrastructure, prompting evacuations and emergency responses in states like Kentucky, Arkansas, and Missouri. The National Weather Service has issued warnings for major flood stages in multiple locations, forecasting continued threats as waterways swell. 

Amid the chaos, utilities have scrambled to shut off power and gas, while cities deploy sandbags to protect homes and businesses. The storms have also disrupted air travel, with hundreds of flights canceled or delayed. 

As communities brace for more rainfall and potential tornadoes, the resilience of those affected shines through. Emergency crews and volunteers are working tirelessly to provide aid and support to those in need. 

The devastation serves as a stark reminder of the power of nature and the importance of preparedness in the face of extreme weather events.

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