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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (171704)7/18/2009 8:47:22 PM
From: luds  Read Replies (1) | Respond to of 312712
 
I think he's talking about withdrawel fees. they differ from outfit to outfit.



To: Sultan who wrote (171704)7/19/2009 10:10:22 AM
From: LoneClone  Read Replies (2) | Respond to of 312712
 
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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