GREY:ITMTF - Post by User
Comment by
hotinfoon Apr 19, 2011 5:40pm
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Post# 18456499
RE: TFSA
RE: TFSAI sell them...its simple.
$5,000 per year starting in 2009...so right now your max CONTRIBUTION would be $15,000...and you can catch up on prior years anytime.
If you are maxed out, and take any money out of the TFSA in cash, (not selling stock internally, thats different)...then you can't put it back in till next year, no matter how much.
If I take $65,000 out of my TFSA right now, (my stocks have done well...), I can't put it back in till next year, plus my new $5,000 for 2012...if I dont put it back in next year, it goes away all together except the $5000 for 2012!
Legger
TFSA for 2012 is $5,500.
$10,000 if Harper reelected (political promise?)
Robert