Both my wife and I have RRSP accounts in Canada.
The new 'TDF 90-22.1' has a section titled :
PART IV : Information on Financial Accounts Where Filer has Signature or Other Authority but No Financial Interest in the Accounts.
The instructions state :
A person has signature authority over an account if such person can control 'the disposition of money' or other property in it by delivery of a document containing his or her signature to the bank or other person with whom the account is maintained.
Both my wife and I have 'partial trading authority' over each others RRSP accounts.
This gives us the ability to buy and sell stocks, bonds, etc within each others accounts.
But we do not have authority beyond that - ie; I could not pull down money from her account and visa-versa.
Given that we have limited trading authority - do we need to then fill out PART IV for each others account?
thanks in advance
Revised TDF 90-22.1 question
Moderator: Mark T Serbinski CA CPA