Mary has $26,000 in her TFSA after she withdrew $109,000 a month ago for the down payment

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Mary has $26,000 in her TFSA after she withdrew $109,000 a month ago for the down payment on her condo. She has $12,000 unused TFSA room.

If new TFSA room in January is $6,000, how much is she allowed to contribute to her TFSA next January without penalties?

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Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Posted Date: Mar 17, 2023 01:20 AM

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Mary has $26,000 in her TFSA after she withdrew $109,000 a month ago for the down payment

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Marys current TFSA contribution room can be calculated as follows Current contributio... View the full answer

Personal Finance Turning Money into Wealth

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