Taxpayers hit with penalties on tax-free savings accounts

Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] Next >

pratickm
Member since: Feb 04

Posts: 2831
Location: Toronto
Post ID: #PID

Posted on: 16-10-10 09:12:39

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.

-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

birentoronto
Member since: Sep 08

Posts: 122
Location:
Post ID: #PID

Posted on: 22-10-10 14:33:10

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.

Contributors: pratickm(7) imwhoever(3) newton(2) Iceberg(2) birentoronto(2) benparsad(1) rajcanada(1) ftfl(1) DesiTiger(1) Pramod Chopra(1) sumjo(1) sudesingh(1)

Jump to Page: < Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Taxpayers hit with penalties on tax-free savings accounts
	Topic	Forum	Views	Replies
	Details about RRSP & Comparison with 401K plan	Accounting and Taxation	1645	1
	TFSA - new savings plan from 2009	Financial Planning	2893	6
	TFSA ( 1 2 )	Financial Planning	2261	7
	TFSA	Financial Planning	1762	3
	TFSA vs. Saving A/c	Financial Planning	1825	1
	Month to Month Apartments	Just Landed	1995	2
	TFSA in 2010	Financial Planning	1473	1
	Proof of TFSA	Accounting and Taxation	1070	1
	Taxpayers hit with penalties on tax-free savings accounts ( 1 2 3 4 )	Accounting and Taxation	7826	22
	New Indian Passport Application time	Citizenship	1325	1
	First Post of 2011 and Happy New Year 2011	General	1279	2
	appling for citizenship &* PR expired	Ask Immigration Expert	1289	1
	what is eligibility criteria for claiming canadian child benefit	General	1456	2
	World Cup coincidence.........	General	1214	1
	Moving back to Canada - pls help ( 1 2 )	Independent Category	3360	10
	Tax benefits of supporting parents	Accounting and Taxation	2060	4
	Duplicate thread - closed	Insurance	1712	0
	SO FAR NO HST/GST CREDIT for 1 yr AFTER FILLING RC151 AND FILING INCOME TAX	Accounting and Taxation	2174	2
	Coming Back to canada	Ask Immigration Expert	1337	1
	First Time PR Card	Ask Immigration Expert	1153	0
	Filing tax returns by new immigrants	Just Landed	3096	3
	NOC 2011 and NOC 2006 / Please Help me to solve this puzzle	Independent Category	1877	4
	Citizenship application	Ask Immigration Expert	997	1
	2016 : TFSA/ RRSP - Where to invest ?	Financial Planning	2798	4

Charcha

Taxpayers hit with penalties on tax-free savings accounts

Discussions similar to: Taxpayers hit with penalties on tax-free savings accounts