Go to the head of the class with these tax tips
Canadians’ unused TFSA contribution room exceeded the market value of their plans at almost all income levels
Advisor-client conversation could help avoid costly overcontribution error
In some cases, closing accounts before moving abroad might make sense
Of those contributing, almost one-quarter plan to use the maximum amount
Client overcontributed, had income below basic personal amount
Inflation leads to big jump in tax bracket thresholds as well
Next year's limit can be calculated using CPI data released Wednesday
Proactively share these details with clients
In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans