Any time you withdraw uninvested cash from your TFSA, the amount is added back to your contribution room on January 1 of the following year. For example, say you had maxed out your TFSA in August 2023 and then withdrew $10,000 in November. On January 2, 2024, you’d be able to ...
A TFSA is a registered account that lets you grow your investments tax free. You don’t even pay tax when you withdraw funds. First Home Savings Account (FHSA) The government launched theFirst Home Savings Accountin 2023. It’s a tax-free savings account allowing contributions up to $8,00...