Section 207.02

Table of Contents

Administrative Policy

11 September 2015 Internal T.I. 2015-0599851I7 - TFSA arbitrary assessment

CRA to assess taxpayers who have overcontributed to TFSAs after only one warning letter

CRA is proposing to streamline its procedures so that any taxpayer who, having failed to remove an excess contribution from his or her TFSA following a warning letter from CRA, will be subject to an automatic assessment of tax on the excess contribution without further warning.

Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 152 - Subsection 152(7) TFSA holder can be assessed without being contacted 129