Personal Finance

When does CRA update TFSA room?

  • Last Updated:
  • Mar 14th, 2018 6:48 pm
[OP]
Deal Addict
User avatar
Apr 23, 2009
1230 posts
329 upvotes

When does CRA update TFSA room?

It's March 14 already and CRA haven't still updated the TFSA contribution room on my account. It seems very late already. Any idea when this might happen? By now, I am sure all financial institutions would have reported their numbers.
5 replies
Sr. Member
Feb 1, 2010
847 posts
156 upvotes
It takes a long time in my experience. You absolutely must track your own contributions and withdrawals on a basic spreadsheet IMO.
Member
User avatar
Jul 29, 2013
489 posts
196 upvotes
ruchir wrote:
Mar 14th, 2018 12:26 pm
It's March 14 already and CRA haven't still updated the TFSA contribution room on my account. It seems very late already. Any idea when this might happen? By now, I am sure all financial institutions would have reported their numbers.
My experience is that you have to keep your own records as CRA does not keep on top of the TFSA contributions or withdrawals.
[OP]
Deal Addict
User avatar
Apr 23, 2009
1230 posts
329 upvotes
profile wrote:
Mar 14th, 2018 12:53 pm
My experience is that you have to keep your own records as CRA does not keep on top of the TFSA contributions or withdrawals.
I do track on my own but I transferred some position to TFSA during the year. I just want to make sure the 'in-kind' contribution was properly valued at market close on the day of transfer.
Deal Fanatic
User avatar
Nov 19, 2004
7716 posts
1183 upvotes
Cambridge, ON
This depends on when the banks send the info to the CRA. I am not sure what the deadline is for banks to report, but I have seen it go until the end of April before some things show up. So best to keep track yourself.
Deal Addict
Apr 18, 2013
1582 posts
488 upvotes
Canada
Mine is already there for 2017.

Top