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Understanding TFSA Contribution Room and Investment Strategies
Withdrawing from a TFSA adds the amount to your contribution room the following January 1st, usable in any TFSA; however, CRA data is often outdated, causing potential overcontribution penalties (1% monthly tax on the excess); therefore, accurate personal record-keeping is essential for optimal TFSA...
Understanding TFSA Contribution Room and Investment Strategies
Withdrawing from a TFSA adds the amount to your contribution room the following January 1st, usable in any TFSA; however, CRA data is often outdated, causing potential overcontribution penalties (1% monthly tax on the excess); therefore, accurate personal record-keeping is essential for optimal TFSA...
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