Canadians not subject to penalties for confusion over tax free accounts
OTTAWA – Canadians who mistakenly put too much into their new tax free savings accounts are being given a break – no penalties. The federal government said it won’t penalize individuals inadvertently...
View Article12 festive financial gifts that may not be glitzy but get returns
TORONTO – Financial gifts like stocks in a stocking or a charitable donation may not be as glitzy as a pair of earrings or new Xbox, but they have the potential to create lasting economic and...
View ArticleSurvey finds many of us have set up tax-free savings accounts, few have made...
A new survey finds that, although nearly half of Canadians have a tax-free savings account (TFSA), not all of them are actually using them. The CIBC poll found 47 per cent of respondents said they had...
View ArticleThousands warned by CRA after overcontributing to tax-free savings account
More than 70,000 Canadians have recently received letters reminding them of the strict rules surrounding overcontributions to their tax-free savings accounts. The letters, sent by the Canada Revenue...
View ArticleFinancial Week 2013: TFSA’s vs. RRSP’s
It’s one of the biggest questions facing young Canadians, who are just starting to invest for the future – should you start with a TFSA or an RRSP? Matt Padanyi searches for an answer....
View ArticleCanadians not subject to penalties for confusion over tax free accounts
OTTAWA – Canadians who mistakenly put too much into their new tax free savings accounts are being given a break – no penalties. The federal government said it won’t penalize individuals inadvertently...
View Article12 festive financial gifts that may not be glitzy but get returns
TORONTO – Financial gifts like stocks in a stocking or a charitable donation may not be as glitzy as a pair of earrings or new Xbox, but they have the potential to create lasting economic and...
View ArticleSurvey finds many of us have set up tax-free savings accounts, few have made...
A new survey finds that, although nearly half of Canadians have a tax-free savings account (TFSA), not all of them are actually using them. The CIBC poll found 47 per cent of respondents said they had...
View ArticleThousands warned by CRA after overcontributing to tax-free savings account
More than 70,000 Canadians have recently received letters reminding them of the strict rules surrounding overcontributions to their tax-free savings accounts. The letters, sent by the Canada Revenue...
View ArticleFinancial Week 2013: TFSA’s vs. RRSP’s
It’s one of the biggest questions facing young Canadians, who are just starting to invest for the future – should you start with a TFSA or an RRSP? Matt Padanyi searches for an answer....
View ArticleCanadians not subject to penalties for confusion over tax free accounts
OTTAWA – Canadians who mistakenly put too much into their new tax free savings accounts are being given a break – no penalties. The federal government said it won’t penalize individuals inadvertently...
View ArticleSlash your taxes
My 19-year-old daughter Laura had a taxing epiphany last summer. Fresh from her first couple of weeks at her summer job as a receptionist at a local hair salon, she waltzed in the front door, sat...
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Confusion reigns over TFSA rules as number of problem accounts rises
Contribution rules for a popular tax shelter continue to perplex ordinary Canadians, despite a year-long information blitz by the Canada Revenue Agency and the big banks. The agency sent out almost...
View Article12 festive financial gifts that may not be glitzy but get returns
TORONTO – Financial gifts like stocks in a stocking or a charitable donation may not be as glitzy as a pair of earrings or new Xbox, but they have the potential to create lasting economic and...
View Article7 tips for your tax-free savings account
Canadians are still learning the ins and outs of Canada’s tax-free savings accounts. Here are seven tips to maximize your savings. 1. Don’t procrastinate. The sooner you put your money into a TFSA,...
View ArticleSurvey finds many of us have set up tax-free savings accounts, few have made...
A new survey finds that, although nearly half of Canadians have a tax-free savings account (TFSA), not all of them are actually using them. The CIBC poll found 47 per cent of respondents said they had...
View ArticleThousands warned after breaking rules for tax-free savings accounts
Tens of thousands of Canadians have again broken the rules for a popular tax shelter, triggering yet another volley of warning letters from the Canada Revenue Agency. The agency has sent some 76,000...
View ArticleThousands warned by CRA after overcontributing to tax-free savings account
More than 70,000 Canadians have recently received letters reminding them of the strict rules surrounding overcontributions to their tax-free savings accounts. The letters, sent by the Canada Revenue...
View ArticleFinancial Week 2013: TFSA’s vs. RRSP’s
It’s one of the biggest questions facing young Canadians, who are just starting to invest for the future – should you start with a TFSA or an RRSP? Matt Padanyi searches for an answer....
View ArticleDeciding between an RRSP or a TFSA
When it comes to your finances, how do you decide between putting money in a Register Retirement Savings Plan or a Tax Free Savings Account.
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