After you file, you will be notified by email if a TFSA individual record has been rejected, and that a downloadable file is available in your CRA account. If this is the case, you must correct the data and resubmit the individual record as an amended record. We will store the original record and match the amended record with the information on file.

Failure to resubmit an amended record in the case of a TFSA opened during the reporting year may result in the account not being registered as a TFSA and the client being subject to tax on the investment earnings. Failure to resubmit an amended record, whether or not the TFSA was opened in the reporting year, can also affect the calculation and notification of an individual’s TFSA contribution room.

For a complete list of all error codes and descriptive messages for TFSA rejected individual records, go to Error codes and descriptive messages for TFSA rejected individual records.

Any information that does not conform to our schema, including negative amounts, will cause the TFSA annual information return or the individual record to be rejected.

The dates must be provided in YYYY-MM-DD format. Inversions in the month and day may cause a reject if the month field is greater than 12.

If a field is left blank, it will cause a reject, except if the field indicates “if applicable,” such as the FMV at death if the holder is not deceased.

We strongly recommend that you use a validating parser before submitting the XML documents to ensure they conform to our schema.

The downloadable file of rejected records will be available in your CRA account. We will only notify you of any rejected individual records by email. Make sure to provide us with a valid email address of the contact person for your TFSA RZ program account.