TFSA factor in divorce
  • TFSA – you don’t become the asset co-owner automatically.

  • If you had a TFSA before the marriage, your date of marriage deduction will increase, decreasing the value of your net family property.

  • No matter which partner’s name is listed as the account owner, the TFSA is a matrimonial asset that is to be equalized.

  • Be mindful that not all separations result in the equalization of TFSA assets.

What is the Fate of a TFSA When Couples Separate – Divorce?

Tax-Free Savings Account in Divorce
TFSA in Divorce what you need to know

Making a TFSA financial disclosure

 what-you-need-to-know

TFSA financial disclosure Documents Details

Where is find a Notice of Assessment
TFSA factor in divorce

The statement is typically sent to subscribers on a quarterly basis, usually in March, June, September and December. If you have not received your statement for the period, you may need to conduct inquiries.

Obtaining a digital copy of this document:

what-you-need-to-know

Obtaining  a digital copy of this document

  1. Many online sources allow you to download a digital copy to the device.
  2. Most up to date Web Browsers allow you the option of “Print to PDF”
  3. Scan your hard copy to a pdf.   

Note: This can be done on a personal (home or work) scanner, or can be done at a retailer such as Staples Business Depot

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About the Author:
Ken Maynard CDFA, Acc.FM

I assist intelligent and successful couples in crafting rapid, custom separation agreements that pave the way for a smooth transition towards a secure future. This efficient process is achieved in about four meetings, effectively sidestepping the excessive conflicts, confusion, and costs commonly linked to legal proceedings. Clients have the flexibility to collaborate with me either via video conference or in-person through a DTSW associate at any of our six Greater Toronto mediation centers, located in Aurora, Barrie, North York, Vaughan, Mississauga, and Scarborough.

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Ken Maynard CDFA, Acc.FM