OTCPK:EUCTF - Post by User
Comment by
xsnrgon May 30, 2015 7:49pm
100 Views
Post# 23781493
RE:I have a question
RE:I have a question
Hi Michael,
Not only will the CRA not ask for the money back but if you withdraw your 300K your contribution limit will remain at 300K so you can return the funds to it at any point in your lifetime.
My TFSA is over 100K and I once took it all out (for a house purchase) and now its back up to over 100K since my contribution limit was increased along with the value of my TFSA.
Sounds crazy I know but the Tax Free Savings Account is a wonderful option for residents of Canada.
xsnrg (also a CA)