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TFSA Overcontributions A Costly Headache $166.2M in CRA penalties

TFSA Overcontributions A Costly Headache $166.2M in CRA penalties

So, you’ve heard about those hefty TFSA penalties? Yeah, the Canada Revenue Agency (CRA) just reported a whopping $166.2 million in 2024 alone! That’s a serious jump from the previous year’s $130.8 million. Seriously, what gives? The numbers are insane. Over 133,000 people goofed up in 2024, compared to a