Skip to main content

Featured

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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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...
Post a Comment
Read more

article

Labels

Air Transat Faces Flight Disruptions as Pilot Strike Looms

 

Air Transat has announced it will begin suspending flights starting Monday, December 8, following a strike notice issued by the Air Line Pilots Association (ALPA), which represents approximately 700 of the airline’s pilots. The union delivered a 72-hour strike notice on December 7, meaning pilots could walk off the job as early as 3 a.m. on Wednesday, December 10.

The strike threat comes after nearly a year of negotiations between the pilots and Transat A.T. Inc., the Montreal-based parent company of Air Transat. Pilots are demanding a “modern contract” that includes industry-standard pay, benefits, work rules, and job security to replace their current agreement, which dates back to 2015.

Air Transat has confirmed that it will gradually suspend flights between December 8 and 9 in preparation for the potential work stoppage. The airline emphasized that it is working around the clock to reach a deal and minimize disruption for passengers, but acknowledged that cancellations are inevitable if no agreement is reached.

Union leaders have stated that while they hope to avoid a strike, they are prepared to take action if negotiations fail. “Unless significant progress is made at the bargaining table, we will strike if that’s what it takes to achieve a modern contract,” said Captain Bradley Small, Chair of the Air Transat Master Executive Council.

The timing of the dispute is particularly challenging, as it coincides with the busy holiday travel season. Passengers scheduled to fly in the coming days are being advised to monitor updates from Air Transat and check for rebooking options or refunds.

This strike marks another major disruption for Canada’s aviation industry in 2025, following earlier labor actions at Air Canada. With negotiations ongoing, travelers and industry observers alike are watching closely to see if a last-minute resolution can avert a full shutdown of Air Transat’s operations.

Labels:

Comments

Post a Comment