CRA should provide TFSA overcontribution penalty relief after My Account ruckus
Industry professionals call for penalty relief and quicker notification of overcontributions
- By: Jonathan Got
- September 30, 2025 November 12, 2025
- 15:38
Industry professionals call for penalty relief and quicker notification of overcontributions
Increase from current 35% levy to take effect Oct. 14
However, private sector survey hints at modest growth in September
Consumers cite prices as top concern, tariffs remain high
Hiring slows as layoffs and quits both decline
Deal with CLV Group and GIC valued at $4 billion
Pro-growth policies, strong currency help offset tariff impact
Plus, CI adds business development and compliance talent, Fiera builds infrastructure group and more
CRA provides updated timeline for reassessments
The Winnipeg-based firms will integrate to create Raymond James' first office in Manitoba
The subsidiary is the country's fifth-largest asset manager
Industry collected $168B in insurance premiums and annuity contributions
The number of account holders who overcontributed quadrupled in past decade
Pension fund investing US$3 billion for a 13% interest in natural gas firm
Regulator releases business plan and strategic priorities
$597-million deal will add $42 billion in AUA to iA
$1B deal to include funding for two ready-to-build projects
Move follows 100-day timeline to fix delays
Complaints about the firm’s services are “a construct,” a reply and defence to counterclaim states
Pre-budget submission also calls for tax reforms and a balanced budget
EI beneficiary numbers climbed 13.2% between December 2024 and July
Home owners with variable mortgages expected to see a swift reduction in monthly payments
Total net assets of Canadian trusteed pension funds rises to $2.2 billion
Late budget will be the first under Prime Minister Mark Carney
Candidates from underrepresented groups and with financial need can apply