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Message: TFSA strategies

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jefferam

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Re: TFSA strategies and RRSP

in response to Re: TFSA strategies and RRSP by robbertop65

posted on Aug 25, 09 10:37AM

The money you take out is TAX FREE,

any money you take out can be put back in the following year.

if you put in 5000 Jan 1 2009, cashed out 1 000 000 Dec 31 2009 then Jan 1 2010 you shoudl be able to put in 1 005 000. and never pay any tax on any of it.

That is my understanding and im pretty sure its correct.

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