Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 15, 2024 5:12:12 PM

Do I claim interest made from GICs that were placed in TFSAs on my tax filings?

0 1 1330
1 Replies
Moderator
Apr 15, 2024 5:21:36 PM

No. Interest, dividends, or capital gains earned on investments in a TFSA are usually not taxable—either while held in the account or when withdrawn.