Qttc CRA: Avoid This Simple Investing Mistake to Save Thousands in Taxes
The annual Tax-Free Savings Account TFSA contribution limit remained at $6,000 from 2019 to 2021. However, persistent high inflation prompted the Canada Revenue Agency CRA to adjust and make it a bit better. For 2023, the limit for existing TFSA users is $500 higher.However, for anyone over 18 in 2009 who hasn t opened a TFSA and never contributed, the available contribution room is $88,000. The CRA indexes the limit to inflation, although with or without the increase, it helps Canadians to contribute every year if finances allow.The primary reason to love the TFSA is that investment gains are never taxed if you stick to d
stanley cup omestic assets. So, please don t use it as an ordinary savings account or to store cash becau
stanley cupe se it s pointless. Most users, including retirees, hold income-generating assets like stocks, mutual funds, guaranteed investment certificates G
stanley cup ICs , and exchange-traded funds ETFs .If you prefer dividend stocks for higher tax-free income, buy shares of Pembina Pipeline Igvb Top TSX Oil Stock to Hedge Your TFSA in September
Despite what seems like a never-ending stream of bad econ
stanley bottles omic news, North American stocks keep heading higher.Canadian stocks have also joined this trend. Since the TSX Composite Index bottomed at just over 11,000 points in late March, the market has been on an absolute tear. The index is now flirting with 16,000, which represents a recovery of some 40% in just a few months.Naturally, beari
stanley tumbler sh investors are none too happy about this. They ;re content to wait out this rally with cash on the sidelines, hoping to buy in when Canadian stocks inevitably dip again. Some of these bears are even calling for economic weakness that lasts for years, exasperated by waves of COVID-19 hitting already fragile economies over and over again.I couldn ;t disagree more. I ;m bullish on Canadian stocks and think you should be too. Here are thre
stanley tazas e reasons why I think investors should be long what might be the most hated bull market of all time.A surprisingly robust economyMost Canadian province
