contribution room loss | Tax Free Savings Accounts | Discussion forum

Hi, this is my first post,
I am unsure what happens in the following scenario. Any help would be of great interest to me.

Let's suppose:
-my CR is 5,000
-on DEC 15 2024 i invest 1,000 as a 1 year term
-CR increases by 5,000 in JAN 2025
-it is now DEC 14 2025
-in one day, my 1,000 will become 1020 (20 interest)

on dec 15 2025, i want to:
1, re-invest that 1020 WITHOUT losing more CR than i now have lost, but
2, while adding 80 to that 1020, accepting that my CR will decrease by 80 more

All in all, I want my investment to become 2000,
and my CR to become 8,000 (5k+5k-2k). can that be done?

I am asking that because i notice that changing the amount (as i propose doing, above) might disqualify the re-investment from being a "transfer" type of re-investment. (I understand a "transfer" to be a mode of re-investment which does NOT cause you to lose more CR, unlike had you withdrew the 1020, added 80, and then re-invested it).

thank you for your help,
dollartree

(someone took my handle, but my understanding is that they do not have access to this text box).