This section is under development.
 

We're building a comprehensive list of frequently asked questions to help Canadians better understand the TFSA excess penalty program and avoid becoming the next victim.

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Topics will include:
 

• What is the TFSA excess penalty?

• How is the penalty calculated?

• Can the CRA cancel or reduce the penalty?

• What is section 207.06?

• What if I didn't know I had over-contributed?

• How can I avoid becoming the next victim?

• How can I support the movement?
 

Check back soon as we continue adding answers, educational resources, and practical guidance.