Warning: Investing in schemes that promise you tax-free withdrawals from from RRSPs and RRIFs could result in you losing your retirement savings
The following is now available on the CRA Web site
Alert
The Canada Revenue Agency (CRA) is finding an increasing number of questionable Registered Retirement Savings Plan (RRSP) and Registered Retirement Income Fund (RRIF) tax-free withdrawal schemes. The CRA is warning that investing in such schemes could result in you losing your entire retirement savings to unscrupulous promoters and in a reassessment of your tax returns.
Stats and Facts
• Accountant •
Bookkeeper •
Income Tax Preparer •
Systems Consultant •
Blogger •
HART-Empire Network •
Canadian •
Earthling •
Husband and Pet Owner •
Brilliant & Amusing •
SUV probably bigger gas guzzler than my beater Lumina - but just before...
