RFK Jr. says he's resigned from anti-vaccine nonprofit as he seeks nation's top health official job – CTV News + MORE Jan 22nd

Canadians have many options for saving and growing their money. They can use registered savings and investment accounts, which offer powerful tax advantages. If you’re saving up a retirement nest egg, you likely have a registered retirement savings plan (RRSP) and a tax-free savings account (TFSA).

Here’s a quick refresher on RRSPs and TFSAs, including their contribution limits:

Comparison pointsRRSPTFSAPurposeRetirement savingsAny savings goal, short-term or long-termAge requirementAny age up to 7118 and olderEarned income requirementYes, you must earn income to create contribution roomNoTax deduction for contributionsYes, and tax deductions can be carried forward for a future tax returnNoTax on growth (interest, capital gains, dividends)Tax-deferred, until funds are withdrawn (during retirement, when income is likely lower)Tax-freeContribution roomWhichever is lower: 18% of your previous year’s earned income or the government’s annual RRSP contribution limit (for the 2024 tax year, it is $31,560, and 2025, it will be $32,490), plus any unused contribution room from previous yearsAccumulates from age 18, with different amounts announced each year (for 2025, the limit is $7,000); if you were born in or before 2009 (the year the TFSA launched), your cumulative limit as of Jan…

Freeland would scrap capital gains tax changes if elected Liberal leader: source  CBC.caUncertainty over capital gains changes affecting how investment funds file T3 slips  The Globe and MailChrystia Freeland to Scrap Canada Capital Gains Hike If She’s Elected as Leader  BloombergCapital gains proposals prove a return to common-sense tax and economic policy can’t come soon enough  Financial PostFreeland plans to scrap capital gains tax changes if she becomes PM: source  Global News Toronto

China pushes insurers to buy stocks  Financial TimesAsian Stocks to Trend Higher After S&P 500 Surges: Markets Wrap  BloombergChina moves to boost languishing markets by ordering funds to invest more in shares  Toronto StarChina directs funds to stabilise stock market amid Trump tariff threats  South China Morning PostChinese official says 100 billion Yuan to flow into shares every year from pensions  FXStreet

RFK Jr. says he’s resigned from anti-vaccine nonprofit as he seeks nation’s top health official job  CTV NewsRFK Jr. intends to keep financial interest in some lawsuits brought by firm that challenges pharmaceutical companies  CNNR.F.K. Jr. Would Keep Stake in HPV Vaccine Suit if Confirmed  The New York TimesRobert Kennedy Jr vows to keep vaccine suit share if confirmed as US health chief  Financial TimesRFK Jr. earned millions from law work, book deals  Axios