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February 23, 2024
Question

Can i withdrawl from TFSA Tax Free saving contribution room from CRA? i need a better understanding what that is.

  • February 23, 2024
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    1 reply

    Community Manager
    February 23, 2024

    As per the CRA: Depending on the type of investment held in your TFSA, you can generally withdraw any amount from the TFSA at any time. Withdrawing funds from your TFSA does not reduce the total amount of contributions you have already made for the year.