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      • Withdrawals from a TFSA can’t be contributed to another or the same TFSA in the same year. You must have unused TFSA contribution room before the amount can be re-contributed to your TFSA.
      www.sunlife.ca/en/investments/tfsa/withdrawals/

      TFSA Withdrawal Rules | Sun Life Canada

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  3. www.canada.ca › en › revenue-agencyMaking or replacing withdrawals from a TFSA - Canada.ca

    If you decide to replace or re-contribute all or a part of your withdrawals into your TFSA in the same year, you can only do so if you have available TFSA contribution room. If you re-contribute but do not have contribution room, you will have over-contributed to your TFSA in the year.

  4. www.td.com › ca › en2024 TFSA Contribution Limits and Withdrawal Rules - TD

    If you've withdrawn some of your TFSA contribution and would like to replace it in the same year, you can only do so if you have contribution room left.

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  6. turbotax.intuit.ca › tips › a-guide-to-tfsaA Guide to TFSA Withdrawal Rules and the Tax Implications

    Dec 20, 2023 · You can withdraw from your TFSA without losing contribution room, and recontribute withdrawn amounts in the following years. While TFSA withdrawals typically aren’t taxed, penalties might result if you over contribute or if a non-resident makes a deposit.

  7. www.canada.ca › en › revenue-agencyContributions, withdrawals and transfers - Canada.ca

    Withdrawals will be added to your TFSA contribution room at the beginning of the following year. You can replace the amount of the withdrawal in the same year only if you have available TFSA contribution room. Direct transfers must be completed by your financial institution.

  8. www.wealthsimple.com › en-ca › learnTFSA Withdrawal – Top Things to Know - Wealthsimple

    Dec 6, 2023 · TFSAs are very flexible, meaning you can withdraw from it without getting hit with a penalty or nasty withdrawal taxes, so they’re useful for both short-term goals (like a wedding or a new car) and long-term goals (like retirement).

  9. www.sunlife.ca › en › investmentsTax-free savings account (TFSA) withdrawal rules - Sun Life

    Jan 19, 2024 · If you withdraw from a TFSA and re-deposit the funds into another TFSA, you may trigger an accidental over-contribution. Withdrawals from a TFSA can’t be contributed to another or the same TFSA in the same year.

  10. www.canada.ca › en › revenue-agencyTax-Free Savings Account (TFSA), Guide for Individuals - Canada

    If you decide to replace or re-contribute all or a part of your withdrawals into your TFSA in the same year, you can only do so if you have available TFSA contribution room. If you re-contribute but do not have contribution room, you will have over-contributed to your TFSA in the year.