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If I make a withdrawal from my TFSA, do I have to wait to re-contribute it?



Our response:

If you take money out, you can re-contribute the amount the following year, in addition to the annual maximum and any unused contribution room.

These previous Investing Questions questions may help to provide insight as you move forward:

Consult the Canada Revenue Agency’s (CRA) webpage on TFSA contributions for more information or speak to a tax professional. Visit to learn more about TFSAs, RRSPs and other financial topics.

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