Is the financial institution obliged to disclose certain activities in connection with tax-free savings accounts, or TFSAs?
In other words, is the financial institution obliged to disclose the fact that the TFSA is connected to the operation of a business? That seems to be the topic here.
Why would we exempt financial institutions from that obligation? At the very least, are they obliged to disclose what is going on with the TFSAs they offer their clients?