November 2020: Tax Free Savings Accounts (TFSAs): If you withdraw funds from a TFSA, you can recontribute the amount withdrawn the following calendar year.
Tip: If you are considering a withdrawal in early 2021, consider withdrawing the amount prior to December 31 2020 so you don’t have to wait until 2022 to recontribute it.
CRA just confirmed $6000 TFSA room for 2021, bringing the cumulative limit to $75,500.
