RE:RE:TFSASorry to be the bearer of bad news here stockowner but any gain made on over contributions are not only subject to a 1% per month penalty but also to capital gain taxes as if they were earned outside of the tfsa (since they are outside of the limit provided). I had looked into this a couple years ago. I can retrieve the tax act article if you cant find it yourself. The cra will likely ask to assess your declarations at some point since they are already aware of your over contributor. Good luck with the bomber. I've maxed out a while ago too but often feel like I should invest outisde the tfsa as well given my returns. Overall still worth it even if the tax man gets a share for doing nothing.