CRA: How Will the 2021 Changes in CPP and TFSA Impact You?
Every year, the Canada Revenue Agency (CRA) makes changes to the tax breaks and deductions. This process is called indexation, where it adjusts the maximum deduction amount for inflation. I will discuss the changes the CRA made to the Canada Pension Plan (CPP) and the Tax-Free Savings Account (TFSA) in 2021.
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Puja Tayal
Original Article Posted on: January 11, 2021
Link to Original Article: https://www.fool.ca/2021/01/11/cra-how-will-the-2021-changes-in-cpp-and-tfsa-impact-you/