Sample TFSA Letter (Contribution While Non-Resident)

Allan Madan, CA
 May 9, 2017
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A nonresident taxpayer that makes a contribution to a TFSA (tax free savings account) while he/she is a nonresident is subject to a penalty of 1% per month of the contribution made. This sample letter should be sent to the CRA to request them to reduce the penalties levied.

Disclaimer

The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

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