Agency urges ‘swift action’ to restore account within annual limit to minimize tax impact
Plus, multiple firms announce fund changes, a new financial health score calculator and broker introduces FHSA
CAPSA replaces 2004 guideline, consolidates risk management guidance
RRSPs and TFSAs have different rules, which can be confusing
Total account assets hit $2.8 billion in 2023, based on CRA data
FHSA holders may trigger tax when they overcontribute or hold non-qualified investments
Make the most of these tax planning strategies
A majority of respondents didn't know the features and benefits of the account
Go to the head of the class with these tax tips
Advisors see opportunities as the account grows in popularity