Investors who make honest mistakes can receive harsh penalties from the CRA
A quirk in the TFSA overcontribution waiver rules could lead to taxes owed on a zero-dollar account
Your clients may want to check their junk mail folder for correspondence from the CRA
Total fair market value of plan assets increased 16.5-fold over the first decade
Most respondents (70%) said it was hard to know what to do in the current environment
Average unused TFSA contribution room in 2018 was $34,165
More than half of Canadians made the contributions they had planned to this year
Clients with an EQ savings account can open the new accounts
Federal tax brackets have also been updated for 2021
There are exceptions for cases of deliberate overcontributions or penalty waivers