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Bellatrix Exploration Ltd (Canada) BXEFF

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Comment by narutoon Jan 18, 2012 4:51pm
249 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 He could've made $50k between 09-11 and if he had withdrawn it before 2012, he could've recontributed all of it this year.

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