How to resubmit individual records that were rejected
After you file, you will be notified by email if a TFSA individual record has been rejected, and that a downloadable file is available either in My Business Account or in Represent a Client. If this is the case, you must correct the data and resubmit the individual record as an amended record. We will store the original record and match the amended record with the information on file.
Failure to resubmit an amended record in the case of a TFSA opened during the reporting year may result in the account not being registered as a TFSA and the client being subject to tax on the investment earnings. Failure to resubmit an amended record, whether or not the TFSA was opened in the reporting year, can also affect the calculation and notification of an individual’s TFSA contribution room.
A rejected record is an individual record that has failed our validations but has been stored in our database. It is a record for which none of the data was used in any calculations and for which we are expecting an amended record.
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