CNTower
2021-6-28 00:59:34
There is an annual limit on TFSA contribution.
Really hard to have $200,000 in their TFSA in 2019 without trading frequently. The maximum contribution from 2009 to 2019 was $63,500
.
CRA has been checking for balance over $100,000 since 2016 when the cumulative contributions from 2009 to 2016 was only $46,000.
That means any account with close to 100% return will be selected for review.
You said some of the TFSA accounts have 2 to 3 million. The cumulative contribution from 2009 to 2021 is $75,500. $2,000,000 is 26.5 times. I can guarantee you Canada Revenue Agency will select that TFSA for immediate audit.
According to CRA spokesperson Etienne Biram, as of 2016 roughly 18,000 of the 13.5 million TFSAs had values of $100,000 or more. Of those, “a small number” are “using these accounts in aggressive tax planning. That’s not right, and the CRA is taking action to crack down on these individuals.”
能共處是美景
2021-6-28 01:00:08
:^(
CNTower
2021-6-28 01:00:32
Where do you want to go eventually?
CNTower
2021-6-28 01:05:23
Again, I am not sure about the current policies.
I didn't bother to follow up since I became a CA.
You may have to take more courses and exams to become a CPA in Ontario.
I suggest you contact CPA Ontario and see what they say
It would be a waste of talents if someone with a professional designation but can not practice in Canada.
若三個月內一個面試機會都冇的話,可以去啲名牌大學報讀短期證書課程(呢類型課程,入學門檻低,而且價錢平,同時可以利用學校career services幫手搵工)