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Tax Free savings accounts for married couples who are both provisional tax payers

Posted 5 February 2016 under Tax Questions



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Johnwr says:
4 February 2016 at 18:10

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?

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TaxTimTaxTim says:
5 February 2016 at 8:14

Yes you would be each entitled to open a tax free savings account!


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