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 their 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.
- Deposit or annuity contract TFSA
What happens to a TFSA because of the death of the holder
- Trust governed by a TFSA
When the last holder of a TFSA dies, examples of tax treatments when there is no successor holder
- Filing T4A and NR4 slips
When to complete a T4A information return or a NR4 information return
- Filing the T3RET, T3 Trust Income Tax and Information Return
Filing a T3 Trust Income Tax and Information Return
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