Ghosts of the TFSA exorcized

Doug Leard in Assante Vancouver Centre

2009 overcontribution penalties could be waved

Captured on 29 Jun 2010 from www.advisor.ca

It seems they will beat the Tax Free Savings Account bum rap after all. The Government of Canada all but announced on Friday an amnesty on TFSA overcontribution penalties for 2009. This comes as a relief to some 70,000 TFSA holders who inadvertently fell foul of the tax law.

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