What happens to TFSA in divorce?

TFSAs remain individual assets but their value during marriage may be divided during divorce While Tax-Free Savings Accounts (TFSAs) are legally registered to individual holders , the funds accumulated during marriage are typically considered family property in Canadian divorce proceedings. The division of TFSA assets follows these key principles: Contributions made during marriage are generally subject to equal division Investment growth and earnings accumulated during the marriage period may be split Pre-marriage TFSA values usually remain with the original account holder Division can be settled through: Mutual agreement between spouses Formal separation agreement Court-ordered settlement

"TFSA Division in Divorce: Rules for Splitting Assets"

TFSAs remain individual assets but their value during marriage may be divided during divorce

While Tax-Free Savings Accounts (TFSAs) are legally registered to individual holders, the funds accumulated during marriage are typically considered family property in Canadian divorce proceedings. The division of TFSA assets follows these key principles:

Contributions made during marriage are generally subject to equal division
Investment growth and earnings accumulated during the marriage period may be split
Pre-marriage TFSA values usually remain with the original account holder
Division can be settled through:
- Mutual agreement between spouses
- Formal separation agreement
- Court-ordered settlement