Thu, January 23, 2025
[ Thu, Jan 23rd 2025 ]: MSN
2 'Strong Buy'-Rated Dividend Stocks With Yields Above 7% for 2025
[ Thu, Jan 23rd 2025 ]: MSN
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[ Thu, Jan 23rd 2025 ]: MSN
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[ Thu, Jan 23rd 2025 ]: Forbes
S&P 500 Index Funds: Risks You Must Know Before You Invest
[ Thu, Jan 23rd 2025 ]: MSN
Are famous short-sellers going extinct? The exit .. nd Andrew Left shows the risky trade is shrinking
[ Thu, Jan 23rd 2025 ]: MSN
Is AbbVie Inc. (ABBV) the Best Halal Dividend Stock to Invest In Now?
[ Thu, Jan 23rd 2025 ]: MSN
Is Intel Corporation (INTC) One of the Best Socia .. sponsible Stocks to Buy According to Hedge Funds?
[ Thu, Jan 23rd 2025 ]: Forbes
Is Quantum Computing Investable As The Next AI
[ Thu, Jan 23rd 2025 ]: MSN
Is Johnson & Johnson (JNJ) the Best Halal Dividend Stock to Invest In Now?
[ Thu, Jan 23rd 2025 ]: MSN
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[ Thu, Jan 23rd 2025 ]: MSN
Is PepsiCo, Inc. (PEP) the Best Halal Dividend Stock to Invest In Now?
[ Thu, Jan 23rd 2025 ]: AOL
Warren Buffett: 5 Stocks He's Dead Serious About In 2025
[ Thu, Jan 23rd 2025 ]: MSN
Is Medtronic plc (MDT) the Best Halal Dividend Stock to Invest In Now?
[ Thu, Jan 23rd 2025 ]: Forbes
What Are The Risks Of S&P 500 Index Funds?
[ Thu, Jan 23rd 2025 ]: MSN
How to Get Your Kids into Investing: A Family Project to Try
[ Thu, Jan 23rd 2025 ]: MSN
Dave Ramsey: If You Invested $10K in These Companies, You'd Be Nearly $16K Richer
[ Thu, Jan 23rd 2025 ]: MSN
The Worst Mistakes Almost Every TFSA Holder Makes, and the CRA Is Watching
[ Thu, Jan 23rd 2025 ]: AOL
Will This 1 New Development Be a Game-Changer for Solana Investors?
[ Thu, Jan 23rd 2025 ]: MSN
Can This Beaten-Down Stock Bounce Back in 2025?
[ Thu, Jan 23rd 2025 ]: MSN
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[ Thu, Jan 23rd 2025 ]: MSN
5 Tech Stocks You Can Buy and Hold for the Next Decade
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[ Thu, Jan 23rd 2025 ]: MSN
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[ Thu, Jan 23rd 2025 ]: AOL
My Top 5 Stocks to Buy in Early 2025
[ Thu, Jan 23rd 2025 ]: WOPRAI
As of Jan 23rd, 2025, there has been substantial .. g of Dermata Therapeutics, Inc. in recent trading
[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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[ Thu, Jan 23rd 2025 ]: WOPRAI
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The Worst Mistakes Almost Every TFSA Holder Makes, and the CRA Is Watching

The article from MSN Money discusses common mistakes made by Tax-Free Savings Account (TFSA) holders in Canada that could attract scrutiny from the Canada Revenue Agency (CRA). Key points include: not understanding the contribution limits, which can lead to over-contribution penalties; using TFSAs for short-term savings rather than long-term investment growth; withdrawing funds without considering the impact on future contribution room; and engaging in day trading within a TFSA, which might be seen as running a business, thus potentially subjecting the account to taxation. The CRA monitors these accounts to ensure compliance with tax laws, particularly focusing on activities that might suggest the TFSA is being used for purposes other than personal savings or investment. The article advises TFSA holders to be aware of these pitfalls to avoid penalties and maintain the tax benefits of their accounts.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/investment/the-worst-mistakes-almost-every-tfsa-holder-makes-and-the-cra-is-watching/ar-AA1xJjZf ]