28 August 2015 External T.I. 2013-0514261E5 - Using the Assets of a TFSA as Security for a Loan -- summary under Subsection 146.2(4)

May the underlying assets of a TFSA trust be used by the TFSA holder as security for a loan or other indebtedness? CRA responded:

When the TFSA is an arrangement in trust subsection 146.2(4) would not permit the underlying assets of the TFSA to be used by the TFSA holder as security for a loan or other indebtedness.

Topics and taglines
Topic
Income Tax Act - s. 146.2(4)
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
365364
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
365365
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