Other articles about TFSA over-contribution penalties.
There is no shortage of information on this topic so rather than rewrite the great information that already exists, I thought I would use this opportunity to provide links to all the great articles and blogs who have delivered their insights on the topic.
TFSA Over-Contribution Penalty – How To Fix It by Money Smart Blog
TFSA Over Contributions at the Canadian Tax Resource blog.
Taxpayers hit with penalties at the Toronto Star – written by Ellen Roseman.
TFSA confusion leads to costly penalties for 70,000 by Rob Carrick at the Globe and Mail
TFSA Over-Contributions May Be Over-Penalized at Michael James on Money.
TFSA Excess Contribution Penalties Ensare Taxpayers at the Canadian Capitalist.
Apply for TFSA Waiver of TFSA Over-Contribution Penalty at the Canadian Capitalist
Qualifying Transfer definition at the CRA. This explains that transfers of TFSA money between financial institutions will not affect your contribution or withdrawal amounts for the year.