While the Tax-Free Savings Account (TFSA) dollar limit was $5,500 in 2017, there is, in fact, no deadline for making a contribution. If you’ve never contributed to a TFSA before, you can currently contribute up to $52,000 in one shot!
At the beginning of October, one of my clients contacted me after receiving an email from the CRA (Canada Revenue Agency) to find out if it was a scam. It definitely is. In fact, there are a lot of email scams that appear to come from reputable institutions like governments and banks.
People determined to illegally get your money invent new scams all the time that come by email, the telephone, snail mail, and text messages. The fraudulent email above is one of many out there.
Disguised as an organization, long-lost relative or an unmet person who claims to love you, please be wary of any request to send or receive money. Police files and talk shows are full of trusting individuals who have been conned out of thousands of dollars, and quite often that money is gone forever.
Fraudsters will attempt to gain your personal information to access your money, credit or identity.
Beware of any request for your identification numbers like social insurance, credit card, bank account, or passport. These people are clever, and they will make it sound authentic and urgent – even threatening. Plus, they often promise that you will receive a financial reward or return.
When you receive an email like this:
- Never click on a link in the message.
- Never call a phone number from within the message to verify authenticity. Always seek and call numbers provided on official statements, like your invoice or tax return, or from official organization websites.
The CRA never sends email requests for information, and they will never send electronic funds (Interac e-transfers). To learn more about identifying fraudulent Canada Revenue Agency attempts, please visit this official website.
Your income tax deadline is fast approaching. Let us help you avoid the stress and pressure by staying ahead of that time crunch. Get your paperwork in early.
We are efficient at sorting your receipt collection, and we will make sure all your expenses are claimed accurately so that you keep as much of your hard-earned income as possible.
Whether in bags, boxes or files, we can come and pick up your paperwork and get your bookkeeping and income tax done. Call us at 905-571-2665 to get started.