All Questions
5
questions
3
votes
1
answer
144
views
Can you legally increase your TFSA contribution room over the government's provided maximum ($63 500 in 2019)?
I saw this idea in Reddit comments by u/differing:
I often wish I invested early in the weed stock bubble in my TFSA, not so much for the returns but more to supercharge my TFSA room and transition ...
user44213
2
votes
1
answer
4k
views
I never opened TFSA. Why's my TFSA contribution room $64800.68, not 63500?
Brother Ivan never opened TFSA. Websites beneath say his TFSA contribution room is $63 500, but screenshot from his CRA online account says $64 800.68! Why? Which's right?
Know your TFSA ...
user40269
1
vote
1
answer
503
views
How does TFSA contribution room carryover work, e.g. unused amounts and withdrawals?
Is the TFSA contribution limit per year $5000/person?
How are unused contributions carried over?
If last year I contributed only $3000, then this year, would I have $7000 contribution room available?...
- 16k
1
vote
1
answer
335
views
Why Does My Tax Free Savings Account Say I Have 0 Contribution Room as of 2015?
I am living in Canada, and I recently went to http://www.cra-arc.gc.ca/esrvc-srvce/tx/ndvdls/myccnt/menu-eng.html and tried to check my TFSA contribution room for this year. I turned 18 on February ...
- 515
3
votes
2
answers
330
views
What happens if TFSA contribution limits are exceeded?
When CRA says the annual limit for a TFSA is $5000, what does it mean? What happens if I put in $6000. The gains will be taxed? How exactly? Divide the gains by 1/6, then tax the 1/6 part???
- 16k