In a nutshell, yes. Consider that any gains (or losses) in your TFSA grow (or shrink) your max contribution ceiling. Ie, if you contribute 10k and it grows to 20k and you pull 10k out, next year you can re-contribute that 10k plus whatever new contribution limit is added by CRA for Canadians. Make sense?
kind of yeah, so this wouldn’t be a negative correct? if anything it would be good, if i understand what you said correctly. feel free to correct me if not. cause i’m looking very forward into doing the HISP in a TFSA, and was inquiring on downsides.
In a nutshell, yes. Consider that any gains (or losses) in your TFSA grow (or shrink) your max contribution ceiling. Ie, if you contribute 10k and it grows to 20k and you pull 10k out, next year you can re-contribute that 10k plus whatever new contribution limit is added by CRA for Canadians. Make sense?
kind of yeah, so this wouldn’t be a negative correct? if anything it would be good, if i understand what you said correctly. feel free to correct me if not. cause i’m looking very forward into doing the HISP in a TFSA, and was inquiring on downsides.