Warning: Watch out for TFSA maximizer schemes

The Canada Revenue Agency (CRA) is warning Canadians about participating in tax schemes where promoters are claiming that individuals can transfer funds out of their registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) into a tax-free...

Warning: Watch out for tax shelter gifting schemes

The Canada Revenue Agency (CRA) is warning Canadians about getting involved in tax shelter gifting arrangement schemes. Promoters, including some representatives, tax preparers and investment professionals, are encouraging their clients to participate in gifting...