Post by
AltafHANIF on Jun 25, 2021 10:40pm
Need advice
So I got send a letter from cra for excessive contribution to my wealthsimple tfsa. I taught it was unlimited. Do I have to pay capital gain on a tfsa trade platform.and is there a non tfsa trade platform where I can put any amount.
Comment by
raven16 on Jun 25, 2021 11:21pm
yes if you go over your yearly amount which is mostly 5500 a year and you have to figure out what have in it and the allowable amount from when it began about 12 years ago 12 years x 5500 hundred Equals 66,000 and that's all rough estimate, some years the amount changed
Comment by
Theconsortman on Jun 26, 2021 11:52am
Look in your CRA my account and it is all fully detailed. Once you are on the CRA poop list you are in for fun times.