When I first opened my account the rules were not even set and most accountants were still unsure of he final rules governing the funds. However at the time it was explained to me if you took any money out you could no longer contribute any more funds in that tax year. Any unused contribution amounts would have to be carried forward to the next year. Money taken out could not be put back in however.(I might be wrong on this point). Hopefully Res or Traps will weigh in as I am interested in useing my TFSA to get the most benefit possible.

Rookie