Managing TFSA Misconceptions: Avoiding Errors and Omissions

The Tax Free Savings Account (TFSA) has been with us for a decade now, yet there are many misconceptions about it. For example, the 2019 contribution limit is $63,500 for those who have been eligible to contribute every year since 2009. That’s residents of Canada who are 18 or over. If you turned 18 in 2019, however, you would contribute based on the current year limit of $6000. Another big problem:

when to replenish your withdrawn funds. Read More

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