Reporting mutual funds held within a TFSA and RESP

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mtnman
Posts: 37
Joined: Thu Nov 15, 2012 2:06 pm
Location: Lethbridge, Ab

Reporting mutual funds held within a TFSA and RESP

Post by mtnman »

Is the proper way to report mutual funds (PFIC) within a A TfSA and RESP is to report the income from the funds via a 3520\3520a and to make a MARK TO MARK election to report the growth of the funds on a form 8621 ?

Thanks
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CdnAmerican
Posts: 245
Joined: Tue Aug 30, 2011 12:15 am

Post by CdnAmerican »

That's why I do, so I'm claiming the gains every year. I haven't gotten questioned about it yet. Good luck!
Not a professional opinion.
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