You cannot have a joint TFSA with you and your spouse or anyone else. A TFSA must be held by one individual only. This is because each person has their own individual contribution limit, and this cannot be combined with anyone else. You are able to open a joint non-registered account with a significant other if you like, as well as designate beneficiaries and successor holders to your TFSA.
Tax-Free Savings Account (TFSA)
- What's a Tax-free Savings Account (TFSA)?
- What is TFSA contribution room?
- How do I start accumulating contribution room for my TFSA?
- What happens to my TFSA contribution room when I make a withdrawal?
- What happens if I've over contributed into my TFSA?
- How do I find out what my TFSA contribution room is?
- How much can I contribute to my TFSA?
- How do I withdraw from my TFSA?
- Can I have a joint TFSA?