Contributions, withdrawals and transfers

Be aware of these rules and restrictions:

• You can contribute up to your TFSA contribution room. A tax applies to all contributions exceeding your TFSA contribution room.
• 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.

Services and information

• Contributions
  Rules for re-contributing withdrawals, annual TFSA dollar limit, TFSA contribution room
• Making or replacing withdrawals from a TFSA
  Impact on TFSA contribution room
• Transfers
  Transferring funds from one TFSA to another or from one issuer to another

Related links

• Tax payable on TFSAs
• Refund of taxes paid