Question: Mark turned 18 on March 8th 2023 and opened a TFSA and contributed $6500 in a highly speculative stock. On May 6th, he realized the

Mark turned 18 on March 8th 2023 and opened a TFSA and contributed $6500 in a highly speculative stock. On May 6th, he realized the stock price had gone down significantly and his original contribution of $6500 was now worth $2000. Mark withdrew the $2000 and is wondering what will happen to his TFSA room. Assuming the 2024 TFSA contribution limit is $6500, how much can Mark contribute next year?

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