Administrative Policy
22 October 2015 Internal T.I. 2013-0486491I7 - Overdrafts in a TFSA
CRA stated that it will not act on “an overdraft in a TFSA if it:
- is temporary in nature and covered without undue delay;
- arises as a result of...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146.2 - Subsection 146.2(2) - Paragraph 146.2(2)(f) | administrative accommodation of short term inadvertent overdrafts but not of cashless warrant exercise | 372 |
| Tax Topics - Income Tax Act - Section 207.01 - Subsection 207.01(1) - Unused TFSA Contribution Room | deemed proceeds under s. 146.2(8) are not a distribution | 147 |