Careful with your TFSA contributions.
Over-contributions are penalized at a rate of 1%/month!
That’s equivalent to credit card interest charges.
Unlike RRSPs where the first 2k over contributed doesn’t attract penalties, the TFSA penalties start from the first dollar over!
#tfsa
Over-contributions are penalized at a rate of 1%/month!
That’s equivalent to credit card interest charges.
Unlike RRSPs where the first 2k over contributed doesn’t attract penalties, the TFSA penalties start from the first dollar over!
#tfsa
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