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Discussion Starter · #1 · (Edited)
If I withdrew my entire $5000 contribution (plus the interest it has earned) on December 31, 2009 can I then create a new TFSA account (with another company) on Januaray 1, 2010, deposit my 2009 contribution room of $5000, plus include my 2010 contribution room?

If so, is there special paper work needed to be filed come tax time? Do I have to wait a certain period until I am allowed to re-invest the 2009 amount once 2010 rolls around?

In essence, I want to get rid of my existing TFSA with PC financial, open a new TFSA with, and begin a buying and holding ETF's once year.

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