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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Canada’s Alert Ready System Set for Annual Test Today



Canada’s emergency public alerting system, Alert Ready, is undergoing its annual test today across most provinces and territories. The test will be broadcast on TV, radio, and compatible wireless devices, ensuring that the system functions properly and raises public awareness.

Each province and territory has a designated test time, ranging from morning to afternoon, except Quebec, which is not participating in this round of testing. The test will simulate an emergency alert, complete with the distinctive alert tone, but requires no action from the public.

The Canadian Radio-Television and Telecommunications Commission (CRTC) mandates at least one test per year, typically conducted during Emergency Preparedness Week, which runs from May 4–10 this year. The goal is to ensure Canadians are familiar with the system and prepared for real emergencies, such as tornadoes, floods, fires, and AMBER alerts.

While most Canadians will receive the test alert, some may not due to device compatibility, network connection, or cell tower coverage. Given the importance of emergency warnings, Canadians cannot opt out of receiving these alerts.

This annual test serves as a crucial reminder of the importance of emergency preparedness. Canadians are encouraged to review their emergency plans and kits to ensure they are ready for unexpected situations.


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