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.
- What types of accounts can I open with Wealthsimple Invest?
- What's a Wealthsimple Cash account?
- What is a Registered Retirement Savings Plan (RRSP)?
- What is an Registered Education Savings Plan (RESP)?
- How do I open a joint account?
- I'm an uncle/aunt/grandparent/cousin/friend. Can I open a RESP for the little one?
- Can I have a joint TFSA?
- I found Wealthsimple through SmartSaver.org - now what?
- Who can open a US Wealthsimple Account?
- I opened a co-owned RESP account, how does my co-applicant sign?