TBA Virtual Accounting

The 2026 TFSA annual dollar limit is $7,000. Your available TFSA contribution room may be different based on your unused room, previous withdrawals, and contributions. Check your available contribution room before contributing.

After a TFSA withdrawal,🔎check your available TFSA contribution room first before 💰re-contributing. Excess contributions may result in a 1% monthly tax. Plan ahead and avoid unnecessary tax.

CRA drop boxes are now permanently closed.

Voluntary Disclosures Program (VDP)

It helps taxpayers voluntarily
- Correct errors or
- Omissions in previous tax filings
before the CRA contacts them.

It may offer relief from penalties, interest, and prosecution.


TBA Virtual Accounting provides Accounting and tax services for businesses. Need help?

📞Call us @ 6042599591