Search found 2 matches
- Tue Dec 03, 2019 11:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TFSA GIC Form 3520
- Replies: 3
- Views: 3490
Re: TFSA GIC Form 3520
No, I have never filed a 3520 before. My TFSA was quite simple: a GIC with an interest rate and fixed term. It accrued interest for a year and automatically transferred to my chequing on maturity date, one month after I moved here. The paperwork that I signed for it does not mention a trust so I don...
- Tue Dec 03, 2019 5:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TFSA GIC Form 3520
- Replies: 3
- Views: 3490
TFSA GIC Form 3520
Hi, I am new to this site. I am a Canadian citizen who moved to the US in March 2019. I had a one year TFSA GIC that matured in April 2019. It made around $200 in interest overall. Do I need to file Form 3520 next year? Also, is there any pro or con to keeping a TFSA account open with nothing in it ...