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[ Tue, Jan 07th 2025 ]: Forbes
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[ Tue, Jan 07th 2025 ]: Reuters
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[ Tue, Jan 07th 2025 ]: MarketWatch
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[ Tue, Jan 07th 2025 ]: Kiplinger
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[ Tue, Jan 07th 2025 ]: MarketWatch
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[ Tue, Jan 07th 2025 ]: MarketWatch
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[ Tue, Jan 07th 2025 ]: Investing
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[ Tue, Jan 07th 2025 ]: Yahoo
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[ Tue, Jan 07th 2025 ]: Kiplinger
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[ Tue, Jan 07th 2025 ]: Kiplinger
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[ Tue, Jan 07th 2025 ]: MarketWatch
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[ Tue, Jan 07th 2025 ]: TechRepublic
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[ Tue, Jan 07th 2025 ]: Sky
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[ Tue, Jan 07th 2025 ]: MarketWatch
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[ Tue, Jan 07th 2025 ]: MSN
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[ Tue, Jan 07th 2025 ]: MSN
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[ Tue, Jan 07th 2025 ]: Forbes
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[ Tue, Jan 07th 2025 ]: MSN
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[ Tue, Jan 07th 2025 ]: MarketWatch
Stock Market Today: Dow ends lower while Nasdaq logs best start to a year since 2009
Mon, January 6, 2025
[ Mon, Jan 06th 2025 ]: esquiremag
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[ Mon, Jan 06th 2025 ]: MoneySense
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[ Mon, Jan 06th 2025 ]: WOPRAI
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[ Mon, Jan 06th 2025 ]: Forbes
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[ Mon, Jan 06th 2025 ]: Yahoo
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Sun, January 5, 2025
[ Sun, Jan 05th 2025 ]: Investopedia
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[ Sun, Jan 05th 2025 ]: MSN
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[ Sun, Jan 05th 2025 ]: MSN
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[ Sun, Jan 05th 2025 ]: MSN
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[ Sun, Jan 05th 2025 ]: Forbes
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[ Sat, Jan 04th 2025 ]: MSN
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AIM turns thirty: Junior market is all grown up

The CRA Is Watching: TFSA Investors Should Avoid These Red Flags

The Canada Revenue Agency (CRA) keeps a watchful eye on Tax-Free Savings Accounts (TFSAs). That's to ensure they're used as … The post The CRA Is Watching: TFSA Investors Should Avoid These Red Flags appeared first on The Motley Fool Canada.
The article from MSN Money discusses how the Canada Revenue Agency (CRA) is closely monitoring Tax-Free Savings Account (TFSA) activities to ensure compliance with tax laws. It highlights several red flags that TFSA investors should avoid to prevent attracting CRA scrutiny. These include: engaging in day trading, which might be seen as running a business within a TFSA; making frequent large contributions that exceed the annual limit; using borrowed money to invest in TFSAs, which could lead to tax implications; and participating in schemes designed to artificially inflate TFSA values or avoid taxes. The CRA uses sophisticated tools to detect unusual patterns in TFSA transactions, and investors are advised to keep detailed records of their transactions to prove compliance if audited. The article emphasizes the importance of understanding TFSA rules to avoid penalties and potential tax on earnings.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/investment/the-cra-is-watching-tfsa-investors-should-avoid-these-red-flags/ar-AA1x4ho8 ]