Taxpayer hit with a TFSA overcontribution penalty takes the CRA to court - Financial Post

The CRA can cancel a TFSA penalty if it determines a overcontribution was a "reasonable error" and withdrawn "without delay." Learn more.

Jamie Golombek: CRA can cancel penalty if it determines overcontribution a 'reasonable error,' withdrawn 'without delay' The dreaded TFSA overcontribution penalty tax is equal to one per cent per m… [+8538 chars]

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