Difference between COMPLETE & FINISH

People say there is no difference between COMPLETE & FINISH.
But there is a difference.

 

When you love the right one you are COMPLETE.
&
When you love the wrong one you are FINISHED!

 

My 2009 TFSA's Transactions

My 2009 TFSA's Transactions
====================
Jan05  2000.07
Jan09  3000.07
Feb11  (0.14)
Apr16  (5000)
Jun05  2000
Jun 16  (1000)
Jul22  1000
Sep03  1000
Sep21  1000
Oct 1000

 

Opps...  I got my balance over 14 cents at some point, but I quickly fixed it.  This is my own definition of over contribution of 14 cents here.

 

However, the CRA's definition is different from mine. I never know that my withdrawals would not be added back to the limit until the following year.

 

Today, I received a letter from CRA that my total of the excess TFSA amount is $25,000, and I have to pay $250 for the tax penalty.

 

Quite an expensive lesson for me.

 

TFSA account overcontribution

http://www.cra-arc.gc.ca/gncy/mnstr/mlng-eng.html

 

Dear Minister,

 

I mistakenly viewed my TFSA account as a regular savings account and were unaware that withdrawals would not be added back to the limit until the following year.

 

I have been very careful to make sure my TFSA balance is not over $5000 in year 2009. I withdrew some money out when I need it, deposited back so that I could benefit from the tax free saving account.

 

Today, I received a letter from CRA that my total of the excess TFSA amount is $25,000, and I have to pay $250 for the tax penalty.

 

The fact is that my account balance didn't get over $5000, and the interest earn from this account was $55.43. I thought I could save money, but now I have to pay $250 tax penalty for my honest mistake.

 

I plead you to to waive my TFSA overcontribution penalty.