Bellatrix Exploration Ltd (Canada) BXEFF

Energy

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

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Bellatrix Exploration Ltd (Canada)

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Comment by gericon Jan 19, 2012 2:22pm

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Post# 19422981

RE: RE: RE: RE: As Long As Market

My understanding for TFSAs is you have contribution room of $5000/year starting in 2009. If you withdraw and it includes capital gains, it doesn't increase your contribution room. You can withdraw before the end of the year and replace the contributions in the next calendar year. You don't have to wait a whole year, just the calendar year. The profit is not added to the contribution room, and you will be penalized for an overcontribution. If you withdrew $20,000 and left your profit in the account then you could add another 20K as of January 1 2012. The beauty of these accounts is that you don't pay any tax.

I am not a tax professional so best advice would be to check with an expert.

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