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The new legal associate need file Mode RC243, Tax-Free Family savings (TFSA) Get back, and you may Mode RC243-SCH-A great, Agenda A great – A lot of TFSA Quantity. If it sum creates a surplus TFSA count regarding the successor holder’s TFSA, they are at the mercy of an income tax of 1% a month to the highest count for every week he has a surplus sum. Ginette and her spouse Paul lived-in a good state one to comprehends an excellent TFSA beneficiary designation.