What if I dont file 3250 for TFSA

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reiver416
Posts: 11
Joined: Wed Apr 11, 2012 3:18 pm

What if I dont file 3250 for TFSA

Post by reiver416 »

I am wondering what is the consequence for not filing a 3250 for TFSA? If I file amended return will the interest earned, will any penalty still apply? The balance is always less than 2000 in my account.
nelsona
Posts: 18364
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Yes. It is a trust reporting issue, not an income tax reporting issue.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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