How can 70,000 Canadians get it wrong?
We're talking about the debacle that followed the introduction of TFSAs. You can read more about it here:
TFSA confusion leads to costly penalties for 70,000 Investors who miss the fine print on tax-free savings accounts can easily end up with an over-contribution
Financial writer Gordon Pape joined us live on Wednesday to answer your questions about TFSAs. You can replay the discussion below. BlackBerry and iPhone users can view a mobile-friendly version by clicking here.
Mr. Pape is the editor and publisher of four : Mutual Funds Update, a monthly publication on mutual fund investment strategies; the Internet Wealth Builder, a weekly e-mail investment advisory; The Income Investor, a monthly report on income securities; and The Canada Report, a monthly newsletter for U.S. residents who want to invest in Canada. He has also written and co-authored many books, with total sales in Canada and the U.S. exceeding one million copies. His latest book, The Ultimate TFSA Guide: Strategies for Building a Tax-Free Fortune, was recently published by Penguin Canada.