TFSA withdrawl and tax

[oltan]

Let's met setup a scenario: I have TFSA with Questrade ( Canadian Broker)

I max out TSFA contribution by putting in 5k Jan 2009.

June 2009, the 5k balloons due to stock hitting sky high, and turns into 15k. The 10k capital gain is not taxed correct?



If I withdraw 5k and another 5k in Aug and Sept 2009, how does tax works in terms of capital gain?

[djboom]

No tax. It's a Tax Free Savings Account. (so are you going to share the ballooning stock with us?  ) ;)