Juliette contributed $5,000 to her husband's TFSA in 2013 and another $4,000 in 2014. By the end of 2016 the plan had grown in value to $9,950. On December 31 of 2016, Juliette's husband withdrew the full $9,950 from the plan, to help purchase new equipment for his business. How much of the withdrawn funds would be taxed in Juliette's hands under the income attribution rules? 

A) $950 

B) $0 

C) $9,950 

D) Only that portion of the income earned in 2016

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Only that portion of the income earned ... View the full answer