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Clarification on TFSA withdrawal
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Hey folks, I need a clarification on how TFSA withdrawal would work in a specific scenario. Let's say I have a limit of 30k for this year and have already deposited 25k in my TFSA and have accrued 5k in interest/appreciation.
Now, if I withdraw 5k from my TFSA in the said year would CRA consider this as withdrawing my deposit, therefore I loose my contribution room for the year or would they know that I'm only withdrawing my appreciation.
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- 8 months ago
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