TFSA Blunders
A TFSA isn’t a savings account in the same way that a bank account would be. You can redeem funds from your TFSA anytime, but you should know that you can’t repay it in the same year as your take it out.
You must be aware of your contribution limit so you don’t
over contribute to avoid penalties. 
Before you redeem money from your TFSA ask a few questions. The Bank or investment company will be able to tell you exactly how best to manage the account. Understand its limitation so you can earn money tax-free and avoid unnecessary penalties.
