Sneha has $6500 in available TFSA room for 2023 and contributed the entire $6500 on February 11th to her TFSA . Immediately after making the contribution, she invested her funds in a few stocks. In July 2023, her TFSA was valued at $12,000 and withdrew the entire amount. Assuming next year's TFSA contribution room is $6500, how much can Sneha contribute to her TFSA in 2024 without incurring any penalties?

Answer rating: 100% (QA)

Sneha can contribute 6500 to her TFSA in 2024 without incurring any penalties Heres the breakdo... View the full answer