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Do questions about investment income not reported on a slip include TFSA transactions?

Dividend income not on a slip, but held within a tax-free savings account?
1 Best answer

Accepted Solutions

Do questions about investment income not reported on a slip include TFSA transactions?

Tax-Free Savings Account (TFSA) is tax-free. Any dividends, interest, or gains inside a TFSA are not taxable

So they are NOT reported, even if you didn’t get a slip.

“Investment income not reported on a slip” refers exclusively to taxable investment income.

Dividend income earned within a TFSA should not be included in reporting.

Transactions conducted within a TFSA are not required to be reported.

Thank you for choosing TurboTax. 

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2 Replies

Do questions about investment income not reported on a slip include TFSA transactions?

No. The TFSA is not entered on your tax return.

 

 

Do questions about investment income not reported on a slip include TFSA transactions?

Tax-Free Savings Account (TFSA) is tax-free. Any dividends, interest, or gains inside a TFSA are not taxable

So they are NOT reported, even if you didn’t get a slip.

“Investment income not reported on a slip” refers exclusively to taxable investment income.

Dividend income earned within a TFSA should not be included in reporting.

Transactions conducted within a TFSA are not required to be reported.

Thank you for choosing TurboTax. 

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