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April 16, 2024
Question

Do I claim interest made from GICs that were placed in TFSAs on my tax filings?

  • April 16, 2024
  • 1 reply
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    1 reply

    TurboTaxSusan
    April 16, 2024

    No. Interest, dividends, or capital gains earned on investments in a TFSA are usually not taxable—either while held in the account or when withdrawn.