Taken straight from the article:Jim1980 wrote: ↑NEWS RELEASE BACK IN 2009 by CRA:
http://www.cra-arc.gc.ca/nwsrm/rlss/200 ... 2-eng.html
Bring this news printout from CRA's website to court with your because you were a little mislead and it caused you to make an honest mistake.
I even see a mention that the were going to work with the bank so that things would go "seamlessly"
James
...Effective January 1, Canadians 18 years of age and older can set aside up to $5000 every year in a variety of savings options and never pay tax on the income earned or on withdrawals."
That must mean I can deposit and withdraw as much as I like, as long as the balance doesn't exceed $5k, right? /sarcasm.
End of thread.