Flow through shares in TFSA

9340 Views 6 Replies 6 Participants Last post by CanadianCapitalist, Nov 18, 2009

man-of-kanata

Discussion Starter · Nov 15, 2009

I was wondering if the TFSA deposits can be used to purchase units in a flow-through share limited partnership and, if so, is the tax deduction still valid. Furthermore, when the units are cashed out, will the amounts received be harboured from any tax liability?

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HaroldCrump

· #2 · Nov 15, 2009

man-of-kanata said:
I was wondering if the TFSA deposits can be used to purchase units in a flow-through share limited partnership and, if so, is the tax deduction still valid.

Tax deduction will not be allowed. Tax deduction is only for RRSP.

Furthermore, when the units are cashed out, will the amounts received be harboured from any tax liability?

Yes

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