Penalties and interest
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Penalties and interest
Various penalties may be applied on a TFSA annual information return.
A TFSA annual information return consists of TFSA individual records and the related TFSA return summary. A summary alone is not a TFSA annual information return. You have to complete a TFSA annual information return if you prepare one or more TFSA individual records.
Note
We will issue a notice of assessment for the TFSA annual information return only if we apply a penalty.
Forms and publications
- Information Circular, IC07-1, Taxpayer Relief Provisions
- Information Circular, IC82-2R2, Social Insurance Number Legislation that Relates to the Preparation of Information Slips
- Date modified:
- 2016-11-16