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

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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 , 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/



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