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by blairwelch
Tue Sep 24, 2024 4:53 am
Forum: Canada / United States Tax & Accounting
Topic: TFSA, reporting requirements and possible penalties
Replies: 3
Views: 2828

Re: TFSA, reporting requirements and possible penalties

Anna2024 wrote:
> Hello,
>
> I become aware while reading this forum that Canadian TFSA has some
> extensive reporting requirements and penalties up to 50% of the amount held
> in the account if not properly disclosed.
>
> I probably have some $500 in my TFSA. Is a reporting hassle of this account ...