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New Member
posted Feb 23, 2024 10:55:02 AM

Can i withdrawl from TFSA Tax Free saving contribution room from CRA? i need a better understanding what that is.

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1 Replies
Moderator
Feb 23, 2024 11:04:23 AM

As per the CRA: Depending on the type of investment held in your TFSA, you can generally withdraw any amount from the TFSA at any time. Withdrawing funds from your TFSA does not reduce the total amount of contributions you have already made for the year.