What happens if I hold a prohibited or non-qualified investment in my TFSA?

Mar 30, 2020 ... ... account, the information that was ... Hence, a TFSA withdrawal restores contribution room, which is not the case for RRSP withdrawals. Jan 13, 2025 ... ... contributions available for you to claim—as well as your tax-free savings account (TFSA) contribution room as of January 1 of the current year. Save for retirement beyond the RRSP contribution limit. Icon of a shining ... The information in this document is provided for informational purposes ... Nov 20, 2024 ... If so, you should use the institutional information to do your own calculation of your current year's TFSA contribution room, and you should ... Dec 5, 2023 ... contribution room for future years. TFSA contributions are not tax-deductible. For more information, contact your KPMG adviser. The way you ... Dec 20, 2024 ... You can check your current TFSA contribution room by logging into the CRA My Account ... Disclaimer: This content is for informational and ... In 25 yearsyear, your projected savings will be $64,189. ; Amount invested. $29,676 ; Simple earnings. $20,553 ; Compound earnings. $13,959 ... WHERE CAN I FIND MY TFSA CONTRIBUTION ROOM? WHAT IS THE TFSA CONTRIBUTION LIMIT FOR ... CRA may not have the most recent information for your TFSA account. ... Information Phone Service (TIPS) at 1-800-267-6999. Remember that if you've made contributions to your TFSA in the current tax year, those amounts may not ... Liquid: Access to funds when needed. Zero fees: No account fees or service charges. Secure: Deposits are covered by the Canada Deposit Insurance Corporation ( ...