RRSPs RRIFs and TFSAs -> Tax-free savings accounts (TFSAs) -> Investments
Income Tax Act s. 207.01
Tax-Free Savings Account Investments
Non-qualified and prohibited investments may not be held in a TFSA:
When prohibited or non-qualified investments are held in a TFSA, taxes will apply. Non-qualified and prohibited investments are tax differently. See taxes payable re TFSA (link below).
Canada Revenue Agency (CRA) Resources:
Tax Tip: Don't hold non-qualified or prohibited investments in your TFSA.
Back to TFSA main page.
Revised: February 23, 2019
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