Quote:
Originally Posted by johny
you have to wait till the following year to refill.
it has been fixed
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Wrong. The TFSAs can be refilled anytime, and be taken out anytime. Your TFSA is like any savings account, except you don't pay any taxes for.
However, the only time it becomes a serious issue, is if the bank takes out more than the contribution limit. Ie, they took out $20,000 of your $30,000 TFSA balance for this year. This is assume you've turned your max contribution limit of $10,000 into $30,000.