Filing
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Filing
A TFSA annual information return consists of both the TFSA individual records and the TFSA return summary. You have to complete a return for each TFSA identification number under which one or more TFSAs exists at any time in the year. Once a TFSA is opened, an individual record must be filed, regardless of activity in the account. The information (data elements) required in order for us to process each of these forms is described in Appendix A – Data elements – TFSA individual electronic record and Appendix B – Data elements – TFSA return summary.
Note
If a record is filed in one year indicating that a TFSA was opened, we will expect to receive a record for the same TFSA in each year until such time as a record is filed with an indication that the account was closed in the year.
Do not prepare a TFSA individual record if the TFSA was reported as closed in the previous year's TFSA annual information return. We do not consider a TFSA to have been closed just because there are no funds in the account and/or there has been no activity during the reporting year.
Note
Once a TFSA is reported as closed, you cannot reopen it.
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- Date modified:
- 2016-11-16