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April 21, 2022
Question

I have TFSA investments in ETFs. Do I need to report this in my tax return? Turbo Tax asks the question "Do you have income from Investments?" Will that be yes or no?

  • April 21, 2022
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    1 reply

    April 21, 2022

    No, in most cases you don’t need to report any income (or losses) earned in a TFSA (Tax-Free Savings Accounts) account. This Canada Revenue Agency (CRA) page has more information on TFSAs:  Tax-Free Savings Account (TFSA), Guide for Individuals

     

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