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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Midnight Blast Shakes Gaza Skyline Amid Rising Tensions

 

A powerful explosion lit up the northern Gaza Strip early Sunday morning, visible from southern Israel just after midnight GMT. The cause of the blast remains unknown, and no official statements have been released regarding its origin or impact.

Eyewitnesses in southern Israel reported seeing a large fireball followed by plumes of smoke rising over the Gaza skyline. The incident adds to the already volatile atmosphere in the region, where military operations and cross-border hostilities have intensified in recent months.

While speculation continues about whether the explosion was the result of an airstrike, internal conflict, or accidental detonation, authorities have yet to confirm any details. The blast comes amid ongoing negotiations between Israeli and Palestinian representatives, with international pressure mounting for a ceasefire and humanitarian relief.

As the situation develops, observers remain on edge, watching for signs of escalation or resolution in one of the world’s most enduring and complex conflicts.

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