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Tag Archives: CRA

TFSA: Understanding Contribution Limits

Confused about how much you’re allowed to contribute

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All about TFSAs

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

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Changes to the Universal Child Care Benefit

As of January 1st 2015, the UCCB has increased by $60/month to $160.

 

What does this mean to you?

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