Quote:
Originally Posted by Scudz
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.
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no withdrawn money can only be refilled the following calender year.
IE if I withdraw $2000 this year, next year I can put in 7k. 2k withdrawn money and 5k for next years limit.
if you've already put in the 5k this year you can't put any back in this year if you take it out.