Income Tax Regulations

223 (1) An issuer of a TFSA shall make an information return for each calendar year in prescribed form in respect of the TFSA.

(2) An issuer of a TFSA who makes a payment of an amount that is required because of paragraph 146.2(9)(b) of the Act to be included in computing the income of a taxpayer for a taxation year shall make an information return in prescribed form.

(3) An issuer of a TFSA that governs a trust shall notify the holder of the TFSA in prescribed form and manner before March of a calendar year if, at any time during the preceding calendar year,

• (a) the trust acquires or disposes of property that is a non-qualified investment for the trust; or

• (b) property held by the trust becomes or ceases to be a non-qualified investment for the trust.