(a) You became 18 in 2012 and moved to Canada for higher studies in 2013. You...
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(a) You became 18 in 2012 and moved to Canada for higher studies in 2013. You became a permanent resident in Canada in 2018 and want to contribute in TFSA account in 2022. How much money you can contribute up to a TFSA Account today? (Please show workings). (b) Investments within a TFSA can be in made in which types of financial instruments? (c) What are two (2) potential reasons you would save money in a Tax-Free Savings Account (TFSA)? (a) You became 18 in 2012 and moved to Canada for higher studies in 2013. You became a permanent resident in Canada in 2018 and want to contribute in TFSA account in 2022. How much money you can contribute up to a TFSA Account today? (Please show workings). (b) Investments within a TFSA can be in made in which types of financial instruments? (c) What are two (2) potential reasons you would save money in a Tax-Free Savings Account (TFSA)?
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Answer Explanation a If a person never opened a TFSA before you can mak... View the full answer
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
Posted Date:
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