Question
NEED HELP!! I have a question regarding TFSA. Will need the following data: Tax-free savings annual limits: 2009-2012: $5000/year 2013-2014: $5500/year 2015: $10000/year 2016-2018: $5500/year
NEED HELP!!
I have a question regarding TFSA. Will need the following data:
Tax-free savings annual limits:
2009-2012: $5000/year
2013-2014: $5500/year
2015: $10000/year
2016-2018: $5500/year
2019-2022: $6000/year
2023: $6500/year (estimated)
1) The question is: Patricia has made the maximum TFSA contribution since 2009. Her account grew to $700, 000 in the month of october 2022. She has never made any withdrawals and she decides to withdraw the entire amount. (I am not sure if it is just the amount she invested or the amount that her account is currently at after investing). What is the maximum she contribute to her TFSA on january 2023?
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