Here's the CRA form.
You must deposit $25K to get $25K out. They aren't dealing with market value, but with the tax-deductible value of contributions.
Same thing is true with repaying the withdrawn funds: you need to repay the full amount you withdrew, no matter the market value of those funds at the time of withdrawal.
You must deposit $25K to get $25K out. They aren't dealing with market value, but with the tax-deductible value of contributions.
Same thing is true with repaying the withdrawn funds: you need to repay the full amount you withdrew, no matter the market value of those funds at the time of withdrawal.