Confused about how much you’re allowed to contribute
Confused about how much you’re allowed to contribute
From time-to-time, you will notice that we request that you provide us with various tax and benefit information for an upcoming review meeting. But why?
The term TFSA stands for “Tax-Free Savings Account”
Created by the Federal government in 2009, TFSAs can contain different types of investments including: cash, GICs, mutual funds, and segregated funds. Similar to an RRSP, money grown inside the account tax-free
The Benefits
By setting up “My Account” access through CRA, you will be able to track the following:
As of January 1st 2015, the UCCB has increased by $60/month to $160.
What does this mean to you?