Re:Liquation of a TFSA account
November 30th, 2012 by Questions
Since the TFSA account is not proctected and would be liquidated by the trustee, how do they do it?
Is it like RRSP account that they have one year claw back on the contribution.
Posted from: Alberta
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November 30, 2012 at 12:32 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
You would lose the full balance of the funds in your TFSA. It isn’t like an RRSP, there is no 12 month clawback period (although there is no 12 month clawback period in Alberta).