Hi.

What are the tax implications (or other issues to watch out for) if I want to fund a TFSA for my sister? I assume it will be treated as a cash donation, and would be part of my free 100k donation? If so, would I still have to submit an IT144 (the donor declaration form) even if I don't exceed the free donations cap?

Any tax implications for my sister? She's been unemployed for the whole tax year. Will she have to file just to declare the donation?

In terms of the investment, I was thinking of an EE TFSA, 50% Ashburton 1200 and 50% Satrix Emerging, keeping it balanced when purchasing (probably annually so I have a better idea what I can spare, and to avoid filling that form too often...). Any better suggestions for a simple portfolio?