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New Member
posted Oct 30, 2019 5:11:58 AM

Can the TFSA contributions be deducted on the income tax return

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1 Best answer
New Member
Oct 30, 2019 5:11:59 AM

No. TFSA accounts are not like RRSPs.

Also, for TFSA accounts, gains and losses are not taxable nor deductible.

For more info: https://turbotax.community.intuit.ca/replies/2647782

1 Replies
New Member
Oct 30, 2019 5:11:59 AM

No. TFSA accounts are not like RRSPs.

Also, for TFSA accounts, gains and losses are not taxable nor deductible.

For more info: https://turbotax.community.intuit.ca/replies/2647782