TFSA - Tax-Free Savings Account

You are not required to include any information pertaining to your Tax-Free Savings Account (TFSA) in your tax return.

Please note that contributions to the TFSA and the interests paid on the money borrowed to contribute to a TFSA are not tax-deductible, and that investment income earned in the TFSA is not taxable at the time of withdrawal.

However, it is your financial institution's responsibility to issue you a slip if you have taxable income as a result of your transactions. 

For more information regarding TFSA rules, please consult the CRA's website:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account.html

 

 

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