Crius Energy Trust Tr Unit CRIUF

RE:RE:Off topic TFSA question

[predawn]

I know its 1%  the 1% will only be for 4 months as new year starts jan 01 just curious if they get on your case right away or is just deal one needs to clear up when time permits 
the 30 day deal is most certainly not broker specific ;;its a very very strict CRA rule/tax law geez man why answer when u have no idea what your talking about ??

Sadie222 wrote:

predawn wrote: 1) anyone know if over contributing by a lousy 86$ is worth worrying about 

2) anyone know of a way of circumventing the 30 day rule when selling a stock at a loss and buying back less than 30 days for use in a TFSA 

Penalty for overcontributing is 1% per month of the overcontributed amount. That would probably be backdated from next March, when they find out. Do worry about 9 cents a month?
I assume you know your contribution limit. CRA has a site where you can find it as of Jan 1, then you can reduce it from there by whatever you’ve put in this year.

A 30 day limit may be broker-specific. I don’t think CRA cares. Leave the money in the TFSA and you can do what you want, when you want. They track in-and-out only. Institutions report those transactions by SIN before March of the following year to CRA.