Canada Revenue Agency 2021: 1 Important TFSA Change to Note

Author: External Author | | Categories: Business Valuation Services , Chartered Professional Accountant , Estate Planning Services


The Canada Revenue Agency (CRA) announced several important updates before 2020 ended. One of the most important updates was regarding the Tax-Free Savings Account (TFSA). The TFSA has become an exceptional investment tool that Canadians have been using to improve their savings practices since its inception in 2009.

I will discuss the TFSA update announced by CRA for 2021 and two ways you can use the TFSA change to your advantage.

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Original Article Source Credits:   The Motley Fool ,

Article Written By:  Adam Othman 

Original Article Posted on:  January 25, 2021

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