Question: From 2009 to 2016, John contributed the maximum allowable to his TFSA, $46,500. His $46,500 TFSA contribution has grown to $80,000, as of March 14,
From 2009 to 2016, John contributed the maximum allowable to his TFSA, $46,500. His $46,500 TFSA contribution has grown to $80,000, as of March 14, 2016. On March 15, 2016. He withdraws $80,000 from his TFSA. How much can he contribute back to his TFSA in 2017, given that the 2017 contribution limit is $5,500? a) $5,500 b) $46,500 c) $52,000 d) $85,500
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