Tax Free Savings Account -Go open one!!

[Reef Pilot]

Originally Posted by GracieLou

If you withdraw from a TFSA you should wait until the next year to contribute again or you could over contribute for that year, depending of course on the amount you withdraw/deposit.

Yeah, that seems to be a little quirk in how it works, not sure why. But at least you don't lose the room, and get it back next year.

Here is a little FAQ that helps explain more about the TFSA.
http://www.tdwaterhouse.ca/products-.../FAQ-index.jsp