TFSA Savings Account Left Open

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elgoog
Posts: 84
Joined: Thu Sep 19, 2019 9:40 pm

TFSA Savings Account Left Open

Post by elgoog »

I moved to the US recently and found out that CIBC had left my TFSA account open and the account has had $0 since 2019. I called them to close the account.

It was a normal TFSA savings account when it was active and I was only making bi-weekly $25 contributions to it.

I confirmed with the bank and ensured that they do not treat as a trust. I also checked the agreement I had signed and it has no mention of it being a trust agreement.

For my 2022 return, will I have to file 3520-A still?

Thank you.
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