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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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Tragic Toll: 274 Palestinians Killed in Israeli Raid to Rescue Hostages

 

In a devastating operation, at least 274 Palestinians, including dozens of children, lost their lives during an Israeli raid that successfully rescued four hostages held by Hamas. The complex daytime operation unfolded deep in central Gaza, where Israeli forces faced heavy fire. The toll of this rescue mission underscores the immense cost of conflict in the region, adding to the already soaring casualties from the 8-month-old war ignited by Hamas’ earlier attack. The situation remains fraught, with scores of hostages believed to be held in densely populated areas or within Hamas’ intricate tunnel network, making rescues perilous and complex.

The tragic scenes at Gaza hospitals reveal the chaos and carnage. Overwhelmed medical facilities were already grappling with treating the wounded from days of intense Israeli strikes. Children, burnt and in shock, screamed for their parents. Amidst this horror, a special forces officer was killed during the operation, emphasizing the risks faced by those involved.

This grim incident serves as a stark reminder of the human cost of conflict and the urgent need for peace in the region. Our hearts go out to the families affected by this tragedy, and we hope for a future where such devastating operations are no longer necessary.

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