Ep 81 - TFSA Mistakes That’ll Cost You Big (& How to Avoid Them) as seen by Reddit users
Description
If you think the Tax-Free Savings Account (TFSA) is just a glorified savings account, we need to talk—because too many Canadians are accidentally handing money to the CRA thanks to simple but costly mistakes.
Overcontributing? Penalty.
Reinvesting withdrawals too soon? Penalty.
Day trading stocks like you’re on Wall Street? Big problem.
Beneficiary or successor? Say who now?
In this episode, Jason and Jenn break down the 2025 TFSA contribution limit ($7,000) and the most common (but avoidable!) mistakes that could be quietly draining your tax-free wealth. They share some Reddit stories about these mistakes and how you can avoid them, unlike DaveYYZ1.
Your TFSA is one of the best tax-free wealth-building tools you have—if you use it correctly. Avoid these mistakes, and you’ll keep every dollar working for you, not the CRA.
🎧 Press play and get it right the first time.
For everything you NEED to know about the Tax Free Savings Account (TFSA), go check out Episode 59.
United States
