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Can foreign funds be held within a TFSA and are there tax implications?



Our response:

The Canada Revenue Agency (CRA) sets and enforces qualified investments that can be held in registered plans. It is possible to contribute foreign funds to a TFSA, review CRA publication, Tax-Free Savings Account (TFSA), Guide for Individuals, for more information.

We suggest contacting the Canada Revenue Agency or a qualified professional for further questions.

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