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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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U.S. Calls for India’s Cooperation in Canadian Criminal Investigations

 

The United States has urged India to cooperate with Canada in its ongoing criminal investigations, particularly those linked to New Delhi. This call comes amid heightened tensions between the two nations following the murder of a Sikh Canadian citizen. The U.S. emphasized the importance of collaboration to ensure justice and maintain diplomatic relations.

The diplomatic strain between India and Canada has intensified, with New Delhi suspending visa services for Canadians and Ottawa expelling an Indian diplomat. U.S. Secretary of State Antony Blinken reiterated the need for India to assist in the investigation during a recent meeting, highlighting the serious nature of the allegations and the potential geopolitical implications.

The situation underscores the delicate balance of international relations and the critical role of cooperation in resolving cross-border criminal cases. Both nations are urged to work together to prevent further escalation and to uphold the principles of justice and diplomacy.


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