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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 Strikes Vancouver Street Festival: Nine Lives Lost in SUV Incident


A devastating incident unfolded at Vancouver's Lapu Lapu Day Block Party on Saturday evening, leaving nine people dead and multiple others injured. The festival, celebrating Filipino culture, was winding down near East 41st Avenue and Fraser Street when a black SUV plowed into the crowd at high speed.

Eyewitness accounts describe the scene as chaotic, with bodies scattered across the street and bystanders rushing to assist the injured. The driver, a 30-year-old Vancouver man, was restrained by festival-goers until police arrived. Authorities have confirmed that the suspect is known to them and have ruled out terrorism as a motive.

The Lapu Lapu Day Block Party, named after a Filipino resistance fighter, had drawn thousands of attendees throughout the day. The tragedy has left the community in shock, with Vancouver Mayor Ken Sim expressing his condolences and support for the victims and their families.

Investigations are ongoing, and the Vancouver Police Department's Major Crime Section is leading the case. The city mourns the loss of lives and grapples with the aftermath of this horrific event.

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