The TFSA is one of the best deals in Canadian personal finance: contribute after-tax dollars, grow them tax-free, withdraw them tax-free. Millions of Canadians use it exactly as intended — and thousands get a nasty surprise every year from the Canada Revenue Agency. That surprise is the overcontribution penalty: 1% per month on every dollar you contribute above your limit, … [Read more...] about The TFSA Overcontribution Penalty: 1% a Month on Every Extra Dollar
Earn, Save, Live Life.
We should be grateful for what we have and grateful for what we don’t have. There is two medals to a story and sometime it is not always what you think is good for you, that you should have it. Earn, Save and live Life.