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Strategies & Market Trends : Ride the Tiger with CD
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To: Sultan who wrote (171704)7/19/2009 10:10:22 AM
From: LoneClone  Read Replies (2) of 312793
 
What have you guys heard about this aspect of TFSAs?

Let's say you put $5000 in your TFSA and used it to buy 10k shares of EVG at 50 cents apiece. Then you sell those shares for $5 apiece and withdraw the resulting $50k from the TFSA account, all this year.

From what I understand, next year you would be able to contribute $55k to the account because you withdrew the $50k this year.

LC
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