Tax-free savings account (TFSA) for issuers

In these pages we use the term "TFSA individual record". A TFSA individual record is similar to a slip except that TFSA issuers are not required to send their client a slip (for example, T4, T5). Therefore, when we refer to TFSA individual records, we are referring to what the issuers must submit to us.

You may have to send a T4A slip or NR4 slip. For more information, see Death of a TFSA holder. You may also have to send notification of non-qualified investment to the holder. For more information, see Non-qualified investments.

Topics

• TFSA annual information return
  What needs to be reported, data elements, important dates.
• Filing a TFSA annual information return
  Annual information return, data elements, before and after you file, filing methods, penalties and interest.
• After you file
  Amend, cancel, how to add an individual record, rejected individual records or returns, how to change the name and date of birth.
• Penalties and interest
  Late-filing, failure to file, failure to provide information.
• Tax implications
  Non-qualified investments, advantage, excess contributions, non-resident contributions.
• Death of a TFSA holder
  Trusteed TFSA, transfers to survivor, filing an NR4 or T4A slip, filing a T3 Trust Income Tax and Information Return.
• TFSA return mail-out
  Most common reasons why your client may have received a proposed RC243 TFSA return.

Forms and publications

• Form AUT-01, Authorize a Representative for Offline Access
• Form RC236, Application for a Tax-Free Savings Account Identification Number
• Form RC1, Request for a business number and certain program accounts

Related Topics

• Application Package – Approval Process