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.

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