Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Northern Communities Fear 'Christmas is Cancelled' Amid Canada Post Strike


Northern communities in Canada are feeling the strain of the ongoing Canada Post strike, with residents expressing concerns that Christmas might be cancelled this year. The strike, which began on November 15, has disrupted mail and parcel deliveries, leaving many without essential goods and services.

In small towns like Lynn Lake, Manitoba, the strike has had a significant impact. Mayor Brandon Dulewich highlighted that Canada Post is an essential service for the community, and the lack of deliveries is causing serious issues. Residents are struggling to receive medical prescriptions, cheques for social assistance, and other critical items.

Local businesses are also feeling the pinch. Dan Driediger, who runs a map business in Missinipe, Saskatchewan, has lost 70% of his business since the strike began. He fears that without a resolution, the remaining 30% of his orders might be cancelled, further jeopardizing his livelihood.

The Canadian Chamber of Commerce has urged the federal government to intervene, emphasizing the disproportionate impact on rural and remote communities. With no alternative courier services available in many areas, residents are left waiting and hoping for a swift resolution.

As the holiday season approaches, the worry grows that Christmas might be cancelled for many in these northern communities. The federal government has yet to impose binding arbitration or back-to-work legislation, leaving residents and businesses in a state of uncertainty.



Labels:

Comments

Post a Comment