You cannot share a joint TFSA between you and your spouse or anyone else. A TFSA must be held by one individual only. This is government regulation because each person has their own individual contribution limit, which cannot be combined with anyone else's. You are, however, able to designate beneficiaries and successor holders to your TFSA.
TFSAs & RRSPs
- Do I need to open a new TFSA or RRSP account on Wealthsimple Trade if I already have one open on my Wealthsimple Invest profile?
- Will my Wealthsimple Invest TFSA or RRSP tracker work for Wealthsimple Trade?
- Can I trade US stocks & ETFs in a TFSA?
- Will my contribution room be affected if I incur a loss in my TFSA or RRSP?
- Can I have a joint TFSA?
- What happens if I've over-contributed to my TFSA?
- What happens to my TFSA contribution room when I make a withdrawal?
- What is the contribution room for a TFSA?
- What is a Tax-Free Savings Account (TFSA)?
- What should I know about opening an RRSP on Wealthsimple Trade?