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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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Escalation at the Border: India and Pakistan Exchange Heavy Artillery Fire Overnight

Indian and Pakistani forces engaged in intense artillery exchanges overnight along the volatile Kashmir frontier, resulting in civilian casualties and heightened tensions between the two nuclear-armed neighbors. Reports indicate that at least five civilians lost their lives in the crossfire, with several others injured.

The shelling, which continued into the early hours of the morning, followed a series of escalating incidents, including airstrikes and drone attacks earlier in the week. India has accused Pakistan of backing a recent attack on tourists in Indian-controlled Kashmir, a claim Islamabad denies.

The conflict has had widespread repercussions beyond the battlefield. Schools in several northern and western Indian states have been shut down, flights from multiple airports suspended, and stock markets in India have taken a hit as uncertainty looms over the region.

International leaders have urged both sides to de-escalate, but tensions remain high. The situation continues to develop, with concerns growing over the potential for further military action.

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