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Do my withdrawals from a TFSA affect taxes payable or income-tested benefits, such as the Canada Child Tax Credit or Old Age Security?

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No, withdrawing funds from your TFSA doesn’t affect Canadian taxes payable or federal income-tested benefits.

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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