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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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

Trudeau Proposes Canadian Renters’ Bill of Rights to Ease Housing Crunch

 


Canadian Prime Minister Justin Trudeau has announced a groundbreaking initiative to address the housing crisis and provide much-needed relief to renters. In a press conference held in Vancouver, Trudeau unveiled plans for a Canadian Renters’ Bill of Rights as part of the upcoming federal budget.

Key Reforms:

  1. Nationwide Standard for Lease Agreements: The proposed bill aims to create a consistent framework for lease agreements across the country. Renters will benefit from clear and transparent terms, ensuring fairness and predictability.

  2. Transparent Apartment Pricing History: Trudeau emphasized the importance of empowering renters with information. Under the new reforms, tenants will have access to historical apartment pricing data, enabling them to negotiate effectively and make informed decisions.

  3. Enhanced Agency for Renters: The bill seeks to strengthen renters’ agency by providing them with more rights and protections. From addressing maintenance issues to ensuring timely repairs, the reforms aim to level the playing field between landlords and tenants.

Tenant groups and landlords are closely monitoring the developments. While renters welcome the proposed changes, some landlords express concerns about potential complexities. Trudeau’s government faces the challenge of striking a balance that benefits both parties.

As the housing crunch persists, the Canadian Renters’ Bill of Rights represents a significant step toward alleviating the burden on renters. It underscores Trudeau’s commitment to housing affordability and social equity.


Labels:

Comments

Post a Comment