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0 0.000874125874125855 -0.00174825174825187 -0.00352272727272729 -0.00305944055944057 -0.0122377622377623 -0.0179195804195804 -0.0183566433566434
Stock impact report

The Mistakes Almost Every TFSA Holder Makes, and the CRA Is Watching [Yahoo! Finance Canada]

Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) 
The Tax-Free Savings Account (TFSA) is arguably the most versatile wealth-building tool available to Canadians today. Launched in 2009, the TFSA allows investors to generate capital gains, dividends, and interest income entirely tax-free. The maximum cumulative contribution room in the registered account has now risen to $109,000 in 2026. In addition to a growing contribution base, the TFSA is attractive for its withdrawal flexibility. However, the very flexibility that makes the TFSA so popular often leads to a dangerous sense of complacency among retail investors. Several Canadians treat the TFSA as a high-frequency trading platform, which could trigger an audit by the Canada Revenue Agency. If the user is found guilty, the CRA will levy penalties that will erode years of hard-earned gains. The CRA has collected millions in penalties and taxes from TFSA holders in recent years, targeting violations that many investors don't realize they're committing until they receive an aud Show less Read more
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