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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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Tragedy in Gaza: Airstrike Claims Lives Amid Ceasefire Efforts

An Israeli airstrike on a three-story home in Gaza City has resulted in the deaths of ten individuals, including five children. The attack comes as mediators work tirelessly to restore a ceasefire shattered by recent escalations. Health officials report that the victims include three women and five children, with no evidence of militant activity in the targeted structure. 

The strike has intensified calls for an immediate halt to hostilities, as humanitarian conditions in Gaza continue to deteriorate. Arab mediators are engaging in high-level discussions in Cairo to revive peace efforts and address the ongoing crisis. 

This tragic incident underscores the urgent need for a sustainable resolution to the conflict, as the toll on innocent lives grows heavier with each passing day.

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