Tax Free savings accounts for married couples who are both provisional tax payers
By Marc Sevitz · Updated
Hi, My wife and I are married in community of property and are both provisional taxpayers. My wife does not work and I am retired. Our income comes from investments and for tax purposes such income is divided equally between us. My question is with regard to tax free savings accounts. In the circumstances which I have described, are each of us entitled to open tax free savings accounts?
Yes you would be each entitled to open a tax free savings account!