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  Canada Immigration Forum > About Canada > Accounting and Taxation > Taxpayers hit with penalties on tax-free savings accounts
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Taxpayers hit with penalties on tax-free savings accounts




birentoronto
Senior Desi
Member since: Sep 08




Posts: 122
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Thank you.

Quote:
Originally posted by pratickm

Quote:
Originally posted by birentoronto
I have 10,125 in my TFSA (accumulated over 2 years plus interest).

If I withdraw it all, in 1st Nov 2010 - can I put back 10,125 back or just 10,000 in 2011?
Thanks

After Jan 1st, 2011, you can put back $10,125 + 5,000 = $15,125 into your TFSA.
You must not add any contributions prior to 1st Jan 2011.



 
Post ID: 174430 22-10-10 14:33:10
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