2019 Provincial Budgets: Good News Possible
June 13, 2019
For further information please contact:
Catherine Reale +1 416 523 7694 [email protected]
Now, the TFSA, like I said, is a great vehicle, tax-free vehicle, and Canadians are embracing it more and more, Canadians of all ages, adults of all ages. If you talk to the typical Canadian, they'll say, "Yeah, this is great. This is a tax-free vehicle," but the reality is when you look at the Income Tax Act, the TFSA can become taxable. If you're using it inappropriately, all of a sudden, the TFSA becomes taxable and it's not tax-free.