How much can sneha contribute to her tfsa in 2024

Reference no: EM133610218

Question: Sneha has $6500 in available TFSA room for 2023 and contributed the entire $6500 on February 11th to her TFSA . Immediately after making the contribution, she invested her funds in a few stocks. In July 2023, her TFSA was valued at $12,000 and withdrew the entire amount. Assuming next year's TFSA contribution room is $6500, how much can Sneha contribute to her TFSA in 2024 without incurring any penalties?

Reference no: EM133610218

Questions Cloud

Discuss economic conditions of indigenous peoples in canada : Discuss the economic conditions of indigenous peoples in Canada and the main issues they still face.

What is the amount of the taxable income or loss : How much is tax expense (recovery) in 20x8, assuming that use of the loss carryforward is not probable and What is the amount of the taxable income or loss

What did you find most surprising or interesting in movie : What did you find the most surprising or interesting in the movie? What did the boy's soccer coach do to help keep the boys calm while they were in the cave?

What dividend option on his current $200,000 policy : purchase additional life insurance. What dividend option on his current $200,000 policy would you recommend for Lionel

How much can sneha contribute to her tfsa in 2024 : Assuming next year's TFSA contribution room is $6500, how much can Sneha contribute to her TFSA in 2024 without incurring any penalties

Pick one of the four categories of non-exchange transactions : Pick one of the four categories of non-exchange transactions and discuss when it should recognize the related assets and revenues

Explain the protection of its intellectual property : Can you please explain the protection of its intellectual property and intangible assets in Australia.

What will accounts payable be at the end of april : Purchases are paid in the month after purchase. Sporting makes all sales on credit and collects 40% in the month of sale and 60% in the month after sale

What does each thinker consider to be the ultimate goal : What does each thinker consider to be the ultimate goal of love? Provide example from your own life, novel or movie of how love acted as a transformative force

User Account

All Pages