TFSA

Did you know… you can re-contribute amounts withdrawn from your TFSA without affecting your contribution room.

Tax Tip – Interest on the money you borrow in many cases is not deductible.

If you are negotiating a separation agreement, you should ensure that you are setting apart the child support component from the alimony.

You are allowed to have more than one TFSA however it is your responsibility to ensure you are not over-contributing.

Did you know, similar to RRSP, TFSA cannot be held jointly with your spouse. It has to be held on individual basis.

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