You can try, but the attribution-exempt status exists only while the gifted assets are inside the TFSA ... remove them from under the TFSA shelter, and attribution resumes.OGG said:But you can argue the lower income spouse is then permitted to withdraw funds from the TFSA, and re-invest them in a non-registered account, without worrying about whether earnings on the new account might be attributed back to the other spouse.
I wouldn't personally go that far, OGG. The benefits of a spousal contribution to a TFSA are non-attribution.
I'd be careful about withdrawing funds from a TFSA to invest in a taxable account *if* you have no other sources of income *and* the funds were originally deposited to your TFSA by your spouse. But that's just me.
Here's a scenario.WHy on earth would anyone want to do that? Even if CRA had no problem with it, they would be happy because now they get tax revenue, regardless of who's hands it is taxed in.