Q: Hi 5i,
While it may be a bit premature, my question is: at what point can we use the increased TFSA limit? I have tried looking for this information but haven't found anything concrete to indicate exactly when it is safe to make the additional contribution. As we know, there is a consequence for over-contributing and the term "immediately" used in the budget might not really mean "immediately" from a practical point of view. Can you or the members offer any clarification?
Thanks!!
Cheers,
Mike
While it may be a bit premature, my question is: at what point can we use the increased TFSA limit? I have tried looking for this information but haven't found anything concrete to indicate exactly when it is safe to make the additional contribution. As we know, there is a consequence for over-contributing and the term "immediately" used in the budget might not really mean "immediately" from a practical point of view. Can you or the members offer any clarification?
Thanks!!
Cheers,
Mike