Re: TFSA and withdrawals-why?
Looks like we have different strokes for different folks. I doubt many of us are going to withdraw money from a sheltered account to simply deposit it into a fully taxable account. The important point of this thread is to help people understand how a TFSA works. There was some mis-information at the beginning of this thread about the amount one can re-contribute to their TFSA in a year following a withdrawal. Now that we have cleared that up and probably a few other things people can take their understanding of Tax Free Savings accounts and use them to maximize whatever it is they want to do with their money. At the end of the day, that is the main point of this forum.