Liam, aged $45,$ has been contributing to his Tax$-$Free Savings Account $($TFSA$)$ for the past ten years. As of December $1,2024,$ he had contributed a total of $$95,000$ and saw his investments grow to $$275,000.$ Just before the holidays, on December $24,2024,$ he withdraw the entire amount of $$275,000$ to pay for a cottage$.$ Since the withdrawal is tax$-$ free, Liam didn't need to worry about any tax implications on the withdrawal but he is concerned about his TFSA contribution room and has not made a contribution since the withdrawal. True or False? Liam's TFSA contribution room, including carryforward room, as of January $1,2025,$ is $$7,000.$ Select one: True False