Scammed by the Government
A man opened a tax-free savings account (TFSA) last year and used it as a way to save a little money when he had it — but then use the money when he needed it. He didn’t read the fine print very well about how it worked and find himself owing $250, though throughout the year his account never was above $5,000.
For something that was supposed to help the average person who might not have a great amount of savings, who was the genius who thought something so complicated would be the right way to go? While people might say, “it’s your fault for not understanding the rules,” he said if someone gives you a savings account with a limit, a reasonable person would assume that it would work like any other savings account with a limit. Keep the total sum in there at any one time below the limit and you are okay.
I hate the feeling of being scammed by the government. And to think it was my own government that scammed me makes it that much worse.
Submitting a Complaint if Necessary
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