GREY:BXEFF - Post by User
Comment by
narutoon Jan 18, 2012 4:51pm
250 Views
Post# 19419084
RE: RE: RE: As Long As Market
RE: RE: RE: As Long As Market Not *fully* accurate. If had contributed $5000 in '09 and another $5000 in '10 for a total of $10000, and in '11 he didn't contribute anything but his investments doubled to $20,000 and he withdrew it all before year end, his contribution room for '12 would be $30000 ($5k per year (=$20k)+$10k which he withdrew and is allowed to recontribute starting from the next year).
Whatever profit you make in your TFSA and withdraw is added to your contribution room for the next year. He could've made $50k between 09-11 and if he had withdrawn it before 2012, he could've recontributed all of it this year.