CRA: How Will the 2021 Changes in CPP and TFSA Impact You?

Author: External Author | | Categories: Accounting , Bookkeeping , Chartered Professional Accountant , Personal Tax , Personal Tax Preparation , Tax Return

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.

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Original Article Source Credits:   The Motley Fool ,

Article Written By:  Puja Tayal 

Original Article Posted on:  January 11, 2021

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