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Smart RRSP Moves You Can Still Make: 10 Last‑Minute Tips That Boost Your Tax Savings

  A few strategic RRSP decisions made right before the deadline can meaningfully reduce your tax bill and strengthen your long‑term retirement plan. These ten tips focus on high‑impact actions that are easy to implement, even at the last minute. 1. Confirm Your Exact Contribution Room Check your latest CRA Notice of Assessment or log into My Account to avoid over‑contributing. Staying within your limit prevents penalties and helps you plan the most efficient deposit. 2. Prioritize High‑Tax Brackets If your income is higher this year than it will be in retirement, an RRSP contribution delivers a stronger tax refund. This is especially valuable for anyone who received bonuses or extra income. 3. Use a Carry‑Forward Strategy If you can’t contribute the full amount now, contribute what you can and carry forward unused room. You’ll still benefit from tax‑deferred growth and can top up in future high‑income years. 4. Consider Borrowing for an RRSP A short‑term RRSP loan can mak...
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Anthony Albanese Secures Historic Second Term as Australia's Prime Minister

 

In a landmark victory, Prime Minister Anthony Albanese has won a second consecutive three-year term, making him the first Australian leader in 21 years to achieve this feat. His center-left Labor Party secured a decisive win over the conservative opposition, led by Peter Dutton, who conceded defeat and accepted responsibility for his party’s performance.  

The election was shaped by key issues such as inflation, energy policy, and cost-of-living concerns, with both major parties presenting contrasting solutions. Albanese’s administration emphasized renewable energy and economic stability, while Dutton’s campaign focused on nuclear power and government spending cuts.  

International relations also played a role, with Albanese highlighting his government’s success in improving trade relations with China, which had previously imposed restrictions costing Australian exporters billions. Meanwhile, Dutton’s party faced criticism for its alignment with U.S. President Donald Trump’s policies, which some voters viewed as divisive.  

With this victory, Albanese is set to continue his leadership, promising economic reforms, climate action, and social welfare improvements. His win signals strong public support for his vision of a **progressive and stable Australia.  



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