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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. Resumes Military Aid as Ukraine Accepts 30-Day Ceasefire Proposal

In a significant diplomatic development, the United States has reinstated military aid and intelligence sharing with Ukraine following a pivotal agreement reached during talks in Saudi Arabia. Ukraine has agreed to a 30-day ceasefire proposal, contingent on Russia's acceptance, marking a potential step toward de-escalating the ongoing conflict.

The discussions, held in Jeddah, brought together senior officials from the U.S. and Ukraine. U.S. Secretary of State Marco Rubio emphasized that the ceasefire proposal now rests in Russia's hands, urging Moscow to reciprocate Ukraine's willingness to halt hostilities. Ukrainian President Volodymyr Zelenskyy expressed optimism, stating that the ceasefire could serve as a foundation for broader peace negotiations.

The reinstatement of U.S. military aid underscores Washington's commitment to supporting Ukraine amid the three-year-long conflict. The ceasefire, if implemented, would provide a critical pause in fighting, allowing for diplomatic efforts to address long-term security concerns and establish a lasting resolution.

This agreement has garnered praise from Western leaders, who view it as a significant step toward peace. However, the ultimate success of the ceasefire depends on Russia's response, which remains uncertain.



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