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Title, & changed a false assertion to a question
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Chris W. Rea
Chris W. Rea
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Unused How does TFSA contribution room carryover work, e.g. unused amounts and withdrawals?

TheIs the TFSA contribution limit per year is 5000$5000/ person. Howperson?

How are unused contributions carried over? If

If last year I contributed only 3000$3000, then this year, would I should have 7000$7000 contribution room available?

Also, if this year I withdraw 5000$5000, does that affect my TFSA contribution room?

Unused TFSA contribution room carryover

The TFSA contribution limit per year is 5000/ person. How are unused contributions carried over? If last year I contributed only 3000, this year, I should have 7000?

Also if this year I withdraw 5000, does that affect my contribution room?

How does TFSA contribution room carryover work, e.g. unused amounts and withdrawals?

Is the TFSA contribution limit per year $5000/person?

How are unused contributions carried over?

If last year I contributed only $3000, then this year, would I have $7000 contribution room available?

Also, if this year I withdraw $5000, does that affect my TFSA contribution room?

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Victor123
Victor123
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Unused TFSA contribution room carryover

The TFSA contribution limit per year is 5000/ person. How are unused contributions carried over? If last year I contributed only 3000, this year, I should have 7000?

Also if this year I withdraw 5000, does that affect my contribution room?