Get Your Free Tfsa Report
Your Income Range
Regular Investment
Rate of Return
Lump Sump
Term of Investment
  (In Years)
For illustrative purposes only, not for financial planning. Please read the assumptions.
Tfsa Information
Further Reading
Stay informed
Subscribe Using RSS
Starting a Small Business with Your TFSA

Full Flexibility to Withdraw and Re-contribute

  • Bob is able to save $4,000 a year for 10 years in a TFSA.
  • After 10 years of working he comes across a business opportunity and decides to invest.
  • Bob withdraws $40,000 of his TFSA savings, tax-free.
  • Later, Bob receives a great return on his business investment and decides to re-contribute the $40,000 to his TFSA. He may do so without reducing his other available contribution room.

This entry was posted on Thursday, May 1st, 2008 at 8:09 am and is filed under Advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply


TFSA&Kids »

Find the latest information about the TFSA
  More Details

TFSA Couples »

Learn the best strategy for your partners TFSA
  More Details

TFSA Seniors »

Read more about your retirement and the TFSA
  More Details