Quote:
Originally Posted by Cecil Terwilliger
TFSA's belong to an individual. So her TFSA belongs to her and her only so you can't contribute to her TFSA at all (at least not without her present or consenting).
Any contribution to her TFSA will count towards her personal contribution limit which is currently $20k.
No such thing as an equivalent to a spousal RSP when it comes to TFSA's.
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Regarding the highlighted, so even if you haven't opened a TFSA, each Canadian's contribution room has been accumulating since the TFSA was introduced?
Didn't know that