Ten TFSA questions answered
Everything you need to know about the investment account
Wealthsimple review 2022
This Toronto-based fintech has attracted clients around the world...
First published in 2016
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Response from the MoneySense editorial team:
Hi Amir, thanks for reaching out.
Due to the large volume of comments we receive, we regret that we are unable to respond directly to each one. We invite you to email your question to [email protected], where it will be considered for a future response by one of our expert columnists. For personal advice, we suggest consulting with your financial institution or a qualified advisor.
Do TFSA Contibutions have to come from earned income?
Due to the large volume of comments we receive, we regret that we are unable to respond directly to each one. We invite you to email your question to [email protected], where it will be considered for a future response by one of our expert columnists. For personal advice, we suggest consulting with your financial institution or a qualified advisor.
If cash is generated from the original investments can that be re-invested without concern for yearly limits?
Due to the large volume of comments we receive, we regret that we are unable to respond directly to each one. We invite you to email your question to [email protected], where it will be considered for a future response by one of our expert columnists. For personal advice, we suggest consulting with your financial institution or a qualified advisor.
What is the difference between book value and market value on my TFSA? Can I withdraw the full amount without any penalty? If I can’t withdraw the market value then why not just show my book value in my accounts ?
Due to the large volume of comments we receive, we regret that we are unable to respond directly to each one. We invite you to email your question to [email protected], where it will be considered for a future response by one of our expert columnists. For personal advice, we suggest consulting with your financial institution or a qualified advisor.
Does the capital gains and dividends earned on investments within the TFSA count as contributions to the TFSA thus diminishing the amount of fresh cash that you can deposit to the TFSA ?
Due to the large volume of comments we receive, we regret that we are unable to respond directly to each one. We invite you to email your question to [email protected], where it will be considered for a future response by one of our expert columnists. For personal advice, we suggest consulting with your financial institution or a qualified advisor.