http://www.taxfreesavingsaccountplan.com/2009/01/10/withdrawing-tfsa-funds-instead-of-transferring-to-avoid-fees/ Canada TFSA Information Thu, 07 Jan 2010 06:07:11 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://www.taxfreesavingsaccountplan.com/2009/01/10/withdrawing-tfsa-funds-instead-of-transferring-to-avoid-fees/#comment-37 Alex Thu, 23 Apr 2009 13:44:19 +0000 http://www.taxfreesavingsaccountplan.com/?p=170#comment-37 Don't do that - don't withdraw if you have to re-invest the same year and you have reached your limit. Withdrawal creates room for following. Don’t do that – don’t withdraw if you have to re-invest the same year and you have reached your limit. Withdrawal creates room for following.

]]> http://www.taxfreesavingsaccountplan.com/2009/01/10/withdrawing-tfsa-funds-instead-of-transferring-to-avoid-fees/#comment-18 TFSA Sat, 14 Feb 2009 07:12:18 +0000 http://www.taxfreesavingsaccountplan.com/?p=170#comment-18 If you take say $500 out this year you can still put the $500 back in your tax free savings account to earn more interest. However, transferring that fund with a different financial institution is a different story as most banks indicate that they have a fee attached with that. If you take say $500 out this year you can still put the $500 back in your tax free savings account to earn more interest. However, transferring that fund with a different financial institution is a different story as most banks indicate that they have a fee attached with that.

]]> http://www.taxfreesavingsaccountplan.com/2009/01/10/withdrawing-tfsa-funds-instead-of-transferring-to-avoid-fees/#comment-15 Comment Sat, 14 Feb 2009 03:13:45 +0000 http://www.taxfreesavingsaccountplan.com/?p=170#comment-15 My understanding is that once you withdraw money from a TFSA account, you can reinvest the same amount of money only the following year. My understanding is that once you withdraw money from a TFSA account, you can reinvest the same amount of money only the following year.

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