{"id":27132,"date":"2024-04-28T17:03:25","date_gmt":"2024-04-28T17:03:25","guid":{"rendered":"https:\/\/3ataxservicespc.ca\/?p=27132"},"modified":"2024-10-10T21:15:50","modified_gmt":"2024-10-10T21:15:50","slug":"tax-free-savings-account-watch-your-limit-stay-within-it","status":"publish","type":"post","link":"https:\/\/3ataxservicespc.ca\/index.php\/2024\/04\/28\/tax-free-savings-account-watch-your-limit-stay-within-it\/","title":{"rendered":"Tax Free Savings Account: Watch your limit \u2013 stay within it!"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27132\" class=\"elementor elementor-27132\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ac0e685 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac0e685\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa0a36c\" data-id=\"aa0a36c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64deb42 elementor-widget elementor-widget-text-editor\" data-id=\"64deb42\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Canadians have been contributing to\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/tax-free-savings-account\/contributions.html\">tax-free savings accounts<\/a>\u00a0(TFSA) since 2009, enjoying tax-free investment growth. Did you know that it\u2019s possible to overcontribute and be subject to penalties?<\/p><p>Excess contributions can occur, for example, when your TFSA is set up for pre-authorized contributions and you make additional contributions without verifying the amount of room you have available. This can also be the case when you have multiple TFSAs with different financial institutions and you are not tracking the contributions you are making to all accounts. You can avoid penalties by staying within the TFSA contribution room available to you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7deef76 elementor-widget elementor-widget-button\" data-id=\"7deef76\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/news\/newsroom\/tax-tips\/tax-tips-2024\/tax-free-savings-account.html?utm_source=mediaroom&#038;utm_medium=eml\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Canadians have been contributing to\u00a0tax-free savings accounts\u00a0(TFSA) since 2009, enjoying tax-free investment growth. Did you know that it\u2019s possible to overcontribute and be subject to penalties? Excess contributions can occur, for example, when your TFSA is set up for pre-authorized contributions and you make additional contributions without verifying the amount of room you have available. &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/3ataxservicespc.ca\/index.php\/2024\/04\/28\/tax-free-savings-account-watch-your-limit-stay-within-it\/\"> <span class=\"screen-reader-text\">Tax Free Savings Account: Watch your limit \u2013 stay within it!<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":27381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[56],"tags":[],"class_list":["post-27132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-tips"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-300x200.jpg",300,200,true],"medium_large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-768x512.jpg",768,512,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-1024x682.jpg",1024,682,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-600x400.jpg",600,400,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Canadians have been contributing to\u00a0tax-free savings accounts\u00a0(TFSA) since 2009, enjoying tax-free investment growth. Did you know that it\u2019s possible to overcontribute and be subject to penalties? Excess contributions can occur, for example, when your TFSA is set up for pre-authorized contributions and you make additional contributions without verifying the amount of room you have available.&hellip;","rttpg_featured_image_url":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"landscape":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"portraits":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-300x200.jpg",300,200,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-1024x682.jpg",1024,682,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726.jpg",1280,853,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-600x400.jpg",600,400,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-1602726-1602726-100x100.jpg",100,100,true]},"rttpg_author":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/tax-tips\/\" rel=\"category tag\">CRA Tax Tips<\/a>","rttpg_excerpt":"Canadians have been contributing to\u00a0tax-free savings accounts\u00a0(TFSA) since 2009, enjoying tax-free investment growth. Did you know that it\u2019s possible to overcontribute and be subject to penalties? Excess contributions can occur, for example, when your TFSA is set up for pre-authorized contributions and you make additional contributions without verifying the amount of room you have available.&hellip;","_links":{"self":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/27132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/comments?post=27132"}],"version-history":[{"count":11,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/27132\/revisions"}],"predecessor-version":[{"id":27396,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/27132\/revisions\/27396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media\/27381"}],"wp:attachment":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media?parent=27132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/categories?post=27132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/tags?post=27132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}