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TFSA Interest and Contribution Room
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I have a question about TFSA and contribution room. Does interest made count against your total room? I’ve read no but I wanted to confirm that question and I have this follow up question. If my room is $100,000 for 2024 and I have it maxed and it makes $10,000 interest, my account would be $110,000 at end of year. How does that work for 2025? If I get an additional $7000 room in 2025 to make my max $107,000 can I go to $117,000 since $10,000 was interest made from 2024?
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- 9 months ago
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