Death of a TFSA Holder

The topics below provide information on the reporting requirements that apply when the last holder dies and, as a result, the arrangement ceases to be a TFSA.

This information does not apply if the holder named his or her spouse or common-law partner as the successor holder of the TFSA. If this is the case, the arrangement maintains its tax-exempt status as a TFSA.

The tax treatment and reporting requirements depend on whether the TFSA is a deposit, an annuity contract, or a trust.

Date modified:

2016-11-16