From government and Parliament

From government and Parliament2025-04-10T08:41:30-04:00

From government and Parliament

CRA cautions against TFSA maximizer schemes

May 20, 2021|

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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