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New Member
posted Apr 25, 2021 9:16:28 AM

Where to include TFSA information?

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1 Replies
Level 2
Apr 25, 2021 8:15:07 PM

You do not include the TFSA since it is not deductible for income tax purposes. Any amount contributed as well as any income earned in the account (for example, investment income and capital gains) is generally tax-free, even when it is withdrawn.

 

For more info, check out the links below:

Tax-Free Savings Accounts (TFSAs) in Canada 

CRA: Tax-Free Savings Account (TFSA), Guide for Individuals