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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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Israel Continues Rafah Operation Amid Hostage Talks


 


Israeli Prime Minister Benjamin Netanyahu has announced that the war cabinet has approved the continuation of an operation in the southern Gaza city of Rafah. The objective is to exert military pressure on Hamas, secure the release of Israeli hostages, and achieve other war goals. Despite Hamas accepting a ceasefire proposal from mediators, Israel remains committed to its operations in parallel.

Background: Rafah has served as the last refuge for over a million displaced Gazans. Israeli forces have struck targets in the area, urging residents to move to an "expanded humanitarian zone". Families in parts of Rafah are on the move, with limited resources and uncertainty about their destination.

Netanyahu’s Statement: “The war cabinet unanimously decided that Israel continue the operation in Rafah to advance the release of our hostages and the other goals of the war,” Netanyahu’s office stated. Simultaneously, Israel will send a working delegation to mediators to explore the possibility of reaching an agreement acceptable to Israel.

Humanitarian Impact: Palestinians in Rafah are caught in the crossfire. The Israeli army’s evacuation orders have prompted civilians to seek safety, but the bombardment continues, leaving families wondering if any place in Gaza is truly safe. Overnight airstrikes resulted in casualties, with 20 people killed in 10 houses.

As the situation unfolds, the world watches closely, hoping for a resolution that prioritizes peace and the well-being of civilians caught in the conflict.

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