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michael@elearnza.com

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CRA cautions against TFSA maximizer schemes

2021-11-25T16:58:50+00:00May 20, 2021|Industry news|

The Canada Revenue Agency (CRA) is warning Canadians about participating in tax schemes where promoters are claiming that individuals can transfer funds out of their registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) into a tax-free savings account (TFSA) without paying taxes and without regard to the annual TFSA contribution limit.

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