How does the tax free account work ?

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money take out of tfsa not taxable, contribution room not adjusted withdrawals.

example, if opened tfsa year , have $5000 in it, withdraw $2000, not have additional contribution room until next year. if deposit $2000 year, taxed 1% per month on $2000 until contribution limit increases $5000 in 2011. (meaning can contribute $3000 in 2011)

in canada how tax free account work , know can put in $5,000.00 per year in happens if want take ,money out ?

money taxable if take out ?


Business & Finance Taxes United Kingdom Next



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