Alright, I have been browsing the web lately looking for an answer for this and I think that I am correct but I can't get a specific yes or no answer on any articles I look at.
Alright... My question is, if you have a TFSA, say first year so a limit of $5,500 and you contribute $5,500 so now it is maxed right? You then invest it and it goes up to $5,700. Do you get taxed on the $200, does it need to be taken out? Does it carry over tax-free to the next year, and if it goes to the next year, does it come out of your limit for next years cap increase? Thanks to anyone who has an answer to this, sorry if it has been covered before.
Submitted February 22, 2017 at 01:21PM by Darkst4ar http://ift.tt/2l0EiKF
