An interesting question. SARS web site says the service provider tells them about our TFSA twice a year with info on gains, dividends, withdrawals etc. They also say we will be provided with a IT3s specifically for the account but so far, Standard bank have not done so.
I had a look at SARS tax return form, what I don't understand in the IT3(s) certificate is that it states I made a capital loss and a net return on investment loss. In fact I made some capital gains during the year and had some unrealized capital loss at the end of the year, the capital gains during the year were larger than the unrealized loss at the end of the year. However the portfolio market value is larger than the Contribution value. Is the capital gains or loss they show in the IT3(s) certificate actually the UNREALIZED capital gains loss at the end of the year?