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Three Smart Levers to Cut Your 2025 Tax Bill

Taxes are inevitable, but overpaying them isn’t. With new rules and opportunities in 2025, smart planning can help you keep more of your hard-earned money. Here are three effective levers to reduce your tax liability this year: 1. Maximize Retirement Contributions Contributing to retirement accounts such as RRSPs (Canada) or 401(k)/IRAs (U.S.) remains one of the most effective ways to lower taxable income. Contributions qualify for tax relief at your highest marginal rate, meaning every dollar you save reduces your tax bill significantly. Employer-matching programs make this even more attractive, and withdrawals in retirement can be structured for lower tax exposure. 2. Leverage Tax Credits and Deductions Common deductions include childcare expenses, education costs, and home office claims. Tax credits, unlike deductions, directly reduce the amount you owe, making them especially valuable. Temporary tax breaks introduced in 2025 can be maximized before they expire. 3. Use...
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Riddles and Answers

                                            

Riddle:  

I can be earned, saved, spent, or lent.  I often come in various shades, all of different scent.  People chase me, some say I'm the root of all evil, but without me, life can be quite medieval.

What am I?


Can you guess the answer to this riddle?



The answer to the riddle is: 


The answer to this riddle is money." The clues refer to the different ways money can be handled (earned, saved, spent, lent) and the various forms of currency (different shades, different scents). 
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