If I sold stock that was in a TFSA do I need to enter that in Shares and mutual fund sale summary if the sale proceeds do not exceed my TFSA allowance

If I buy and sell within a TFSA and do not exceed the allowed amount for the TFSA do I need to enter it

1204

1 Best answer

Level 6

Oct 31, 2019 12:00:51 AM

No TFSA transactions are reported on a T1 tax return, as all amounts contributed are after tax.

You would need to file a TFSA return only if you overcontribute, which you don't want to do.

Level 6

Oct 31, 2019 12:00:51 AM

No TFSA transactions are reported on a T1 tax return, as all amounts contributed are after tax.

You would need to file a TFSA return only if you overcontribute, which you don't want to do.