TFSA annual information return

A TFSA annual information return consists of both the TFSA individual records and the TFSA return summary. You have to fill out a return for each TFSA identification number under which one or more TFSAs exist at any time in the year. Once a TFSA is opened, an individual record must be filed, regardless of activity in the account. The information (data elements) required in order for us to process each of these forms is described in Appendix A and Appendix B respectively.

Note

If a record is filed in one year indicating that a TFSA was opened, we will expect to receive a record for the same TFSA in each year until such time as a record is filed with an indication that the account was closed in the year.

Do not prepare a TFSA individual record if the TFSA was reported as closed in the previous year’s TFSA annual information return. We do not consider a TFSA to have been closed just because there are no funds in the account or there has been no activity during the reporting year, or both.

Note

Once a TFSA is reported as closed, you cannot reopen it.

Topics

What needs to be reported
TFSA individual record, TFSA return summary
TFSA data elements
Reporting specifications, mandatory elements for TFSA individual record and TFSA Return Summary
Registering a TFSA
Consequences of not registering a TFSA
Due date
Reporting deadline for the TFSA annual information return

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TFSA annual information return

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