Like most Canadians you work hard for your money and like most Canadians you want to keep a savings account to accumulate funds over time. Your intentions may be to save for a rainy day, a home renovation, a vacation or even retirement. How can you do so and curb your savings from paying taxes? […]
Tag: TFSA
Over contributions to your Tax Free Savings Account (“TFSA”)
The TFSA account has been by far one of the most popular tax savings vehicles introduced by Jim Flaherty in the 2008 budget. The goal of the TFSA is to allow you to save after tax dollars without being taxed on earnings inside the TFSA. For the purpose of this post, we will discuss the […]