I'm fucking raging.
Last year I decided to do something with my savings. I ask to a few workmates how they invested their savings, and one recommended me his financial advisor. I know nothing about finance and I have a really hard time educating myself on stuff I find boring, so I meet the guy and I take him as my financial advisor. We go through all my assets, how much I have in which kind of account, and he had me move my money from a TFSA I had with my bank to a TFSA with his company.
Fast forward a year, yesterday I get a letter from the Canada Revenue Agency, which states that I contributed too much to my TFSA and I need to pay almost 1k of fine. Turns out that if I withdraw money and I put it back in during the same financial year, it just counts as extra contribution and it's heavily taxed.
What enrages me is that I'm sure that fucking bastard knew it, because it's his bloody job, and he just omitted the info.
Is anyone else been in the same situation? Can I just explain the situation and implore their mercy?
And please spare me the facepunches over the fact that I trusted a fucking finance guy, of all people, I'm already kicking myself enough.
Also, I don't intend leaving my money to that crook. What can I do now?