Where should i declare deposits into tax free savings account

jasonderouin84 · ‎March 17, 2022

I oppened a TFSA in 2021.
I made contributions of 6000$ throughout the year.
Do i need to declare this somewhere for taxes?

Mia48 · ‎March 18, 2022

Money deposited in a Tax-Free Savings Account (TFSA) is not taxable, and contributions are not deductible. So no information about your TFSA needs to go on your tax return.

For more information, please see TurboTax FAQ What is a TFSA (Tax-free Savings Account)?

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Where should i declare deposits into tax free savings account

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