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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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Dollarama's Expansion: New Opportunities and Employee Rights in Ontario

 

Dollarama is set to significantly expand its presence in Canada, aiming to open hundreds of new stores over the next decade. This ambitious plan is expected to create numerous employment opportunities across the country, particularly in Ontario. However, as the company grows, it's crucial for potential employees to be aware of their rights under Ontario's Employment Standards Act (ESA).


Here are three key rights that non-unionized workers should know:

1. No Rush to Sign Employment Contracts: Employees are not required to sign an employment contract immediately upon receiving a job offer. It's advisable to consult with an employment lawyer to ensure that the contract protects your rights.

2. Severance Pay During Probation: Even if you're fired during a probationary period, you might still be entitled to severance pay. The presence of a "probation clause" in your contract does not necessarily negate this right.

3. Inducement and Severance Entitlements: If you're recruited from another job and then terminated shortly after, you may be entitled to additional severance pay due to the inducement.

As Dollarama continues its expansion, understanding these rights can help employees navigate their employment journey with confidence and security.




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