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Canadians Gain More Room to Save with 2025 TFSA Limit

  The Tax-Free Savings Account (TFSA) contribution limit for 2025 has been set at $7,000 , giving Canadians another opportunity to grow their investments tax-free. Since its launch in 2009, the TFSA has become one of the most popular savings tools in the country, offering flexibility and tax advantages that appeal to both short-term savers and long-term investors. For those who have never contributed to a TFSA and were eligible since the beginning, the total cumulative contribution room now stands at $102,000 . This allows Canadians to deposit a significant amount into their accounts without worrying about taxes on investment gains, dividends, or withdrawals. One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year . This makes it ideal for saving toward major purchases, retirement, or even emergency funds. Unlike RRSPs, contributions are not tax-deductible, but the growth inside the...
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Hurricane Melissa Slams Toward Jamaica as Category 5 Monster Storm

 

              Waves break on the coast ahead of Hurricane Melissa, in Port Royal, Jamaica, October 25, 2025. 


Hurricane Melissa has intensified into a Category 5 storm, unleashing maximum sustained winds of 160 mph as it barrels toward Jamaica. Forecasters warn the island faces catastrophic flooding, life-threatening landslides, and destructive winds as the storm makes its approach.

The U.S. National Hurricane Center reported Melissa’s center was located about 130 miles southwest of Kingston early Monday, moving slowly northward. Rainfall totals of 15 to 30 inches are expected across much of Jamaica, with some eastern regions potentially seeing up to 40 inches, raising fears of widespread flash flooding.

Authorities have ordered evacuations in flood-prone areas, shuttered airports, and opened hundreds of emergency shelters. Prime Minister Andrew Holness urged residents to remain indoors and heed official warnings, calling Melissa “the most dangerous storm to threaten Jamaica in decades.”

After striking Jamaica, Melissa is forecast to track toward southeastern Cuba and the Bahamas, maintaining major hurricane strength through midweek.

Meteorologists caution that Melissa’s slow movement could worsen the disaster, prolonging the island’s exposure to torrential rains and hurricane-force winds.


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