CRA Warning: Avoid These 5 Costly TFSA Mistakes

Author: External Author | | Categories: Tax Accountant , Tax Consultant

Blog by Robert R. McDonald Professional Corporation

The Tax-Free Savings Account (TFSA) is perhaps the most travelled road to wealth in Canada today. Users can make money without worrying about taxes. All interest, dividends, and capital gains you earn inside the account are tax-free. Unlike the Registered Retirement Savings Plan (RRSP), you can keep contributing to your TFSA past age 71.

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Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By:  Christopher Liew, CFA

Original Article Posted on:   July 3, 2021

Link to Original Article:  https://ca.finance.yahoo.com/news/cra-warning-avoid-5-costly-163133960.html



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