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How Money Can Make More Money

Bogged down by inflation and our weak currency? No sweat! Here's how your money work can make more money to keep you ahead of the game! The post How Money Can Make More Money appeared first on iMoney Malaysia.
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How Canadians Can Earn $5,200 Tax-Free in 2025

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Are you looking for reliable tax-free passive income in your TFSA? Learn why Brookfield Infrastructure's high yield, dividend growth history, and diversified global infrastructure assets make it a compelling choice for Canadian income investors.

The article from MSN Money discusses how Canadians can earn up to $5,200 tax-free in 2025 through the First Home Savings Account (FHSA). This new financial tool allows first-time home buyers to save for a down payment on their first home with tax benefits similar to those of a Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings Account (TFSA). Contributions to an FHSA are tax-deductible, and any investment growth within the account is tax-free if withdrawn to purchase a qualifying home. The FHSA has a lifetime contribution limit of $40,000, with an annual limit of $8,000. The account must be used within 15 years or before the end of the year the account holder turns 71, whichever comes first. If not used for buying a home, the funds can be transferred to an RRSP or withdrawn with taxes applied.

Read the Full MSN Article at:
https://www.msn.com/en-ca/money/economy/how-canadians-can-earn-5-200-tax-free-in-2025/ar-AA1wRskj