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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 One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year .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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French Left Wants to Govern, but Centrists Assert Their Role

 

Following Sunday’s legislative election, France’s left-wing leaders find themselves in a precarious position. The New Popular Front (NFP), a coalition of left-leaning parties, secured the most seats in the National Assembly but fell short of an absolute majority by about 100 seats. President Emmanuel Macron’s centrists came second, and the far-right National Rally third.

The Dilemma

The unexpected election outcome has plunged France into uncertainty just before the Paris Olympics. With no clear path to a stable government, the NFP faces the challenge of governing without a majority. Jean-Luc Melenchon, leader of the hard-left France Unbowed, insists that the NFP should fully implement its program, which includes raising the minimum wage, lowering the retirement age, and capping prices for essential goods. He rejects the idea of forming a coalition with parties outside the NFP, emphasizing the need to stay true to their principles.

Centrists’ Perspective

Centrists, however, argue that the NFP cannot govern effectively without support from their own parliamentary bloc. Foreign Minister Stephane Sejourne, leader of Macron’s Renaissance party, suggests that the NFP should break up, allowing its more moderate elements to form a broader coalition. Their red lines include support for the EU, fighting racism and antisemitism, transitioning to a green economy, and maintaining France’s appeal as an investment destination.

Uncertain Path Ahead

As NFP leaders meet behind closed doors to decide on a prime minister and governing strategy, France remains in political turmoil. The challenge lies in balancing the left’s ambitions with the centrists’ demands, all while navigating a fragmented parliament.


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