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One-third are still not aware of the tax penalties associated with over-contribution

  • By: Leah Golob
  • February 28, 2018 February 28, 2018
  • 12:48

Canadians who work with an advisor are much more likely to take advantage of tax-registered plans such as RRSPs and TFSAs

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Report debunks common myths behind the recent decline in RRSP contributions

  • By: Leah Golob
  • January 25, 2018 January 25, 2018
  • 13:40

As TFSAs surpass RRSPs in popularity, both vehicles have their place in retirement planning

Thirty per cent of taxpayers contributed to a TFSA in 2015

Canada's tax agency is taking a closer look at accounts with significant balances - and is considering other factors - to determine whether accountholders should be deemed to be carrying on a business

There are several factors that must be taken into account when determining whether a taxpayer’s gains from securities constitute carrying on a business

CIBC Asset Management launches program for affluent investors

The additional taxes are coming from cases in which the CRA believes a TFSA holder may be “carrying on a business” within the account

Respondents estimate they would contribute an average of $4,325 this year

Contributions to TFSAs are rising while contributions to RRSPs are dropping as more Canadians understand the differences between the two investment vehicles