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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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Global Leaders Urge Restraint After Israeli Strike on Iran’s Nuclear Sites

In a dramatic escalation of tensions, Israel launched a series of strikes on Iran early Friday, targeting nuclear facilities, missile factories, and military commanders. Israeli Prime Minister Benjamin Netanyahu described the operation as a “decisive moment in Israel’s history”, stating that the strikes aimed to prevent Iran from further developing its nuclear program. Iran, which maintains that its nuclear activities are for peaceful purposes, condemned the attack and vowed retaliation.

The international community reacted swiftly, with world leaders urging restraint. U.S. Secretary of State Marco Rubio clarified that the United States was not involved in the strikes and warned Iran against targeting American interests. UK Prime Minister Keir Starmer expressed concern, calling for urgent de-escalation and a return to diplomacy. China’s Foreign Ministry condemned the violation of Iran’s sovereignty and called for dialogue to prevent further conflict.

The United Nations Secretary-General António Guterres voiced deep concern over the attack, particularly its impact on ongoing nuclear negotiations between Iran and the United States. Oman, which has been mediating talks, labeled the strike a “dangerous, reckless escalation” and urged the international community to intervene.

As tensions rise, global leaders continue to push for diplomatic solutions to prevent further instability in the Middle East. The world watches closely, anticipating Iran’s next move.

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