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CRA wins in court as woman fails to justify RRSP overcontribution

Ordered to pay penalty and tax agency's costs


  • Aug 09 2024
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CRA wins in court as woman fails to justify RRSP overcontribution
CRA wins in court as woman fails to justify RRSP overcontribution
No one likes paying tax on investment income. With marginal tax rates as high as 54.8 per cent on interest income for residents of Newfoundland and Labrador, and capital gains tax rates now over 35 per cent in half the provinces for individuals with more than $250,000 of annual gains, maximizing registered plan contributions has never been more important.  Read More

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