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If there is a breakdown of a marriage or commonlaw partnership, what will happen to my TFSA?

April 26, 2017breakdown commonlaw marriage partnership tfsa

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If there is a breakdown of a marriage or commonlaw partnership, what will happen to my TFSA?

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TFSA assets may be transferred between spouses or common-law partners on marriage or relationship breakdown but the transfer will not reinstate contribution room of the transferring spouse or reduce the contribution room of the receiving spouse..