Yes whatever money you remove from your TFSA opens contribution room for the next year. So lets say you put in $5k and it rockets to $25k and you remove it all -- the next year you have room to contribute that entire $25k back plus the $5k of standard contribution for the new year as well. Only catchs is when you actually remove the profits you can't put them back in until the next year without penalty. So if you emptied the entire account it basically remains dormant until the next year comes.

On another note, I can't believe how people are roasting the KXL management and company in general because of bad market conditions. Sure this past year wasn't very good and a lot of people were burnt but they seem to be turning around and have an actual game plan so why pick now of all times to lace into them? Right when the balls started rolling and drilling is going on and things are in motions.
Is it because the shares are dropping and people don't feel in control or what, I don't get it?

They have NO real control of the daily price fluctuations and if the market manipulating vultures decide to drive the price down by selling 5m shares into the open market they can't do anything but drill and keep us posted on progress.

Also, the fact that there was so much weight put into Mr. Harrington selling his shares is ridiculous!!! It seems to me that one stupid little piece of information started a snowball effect of non confidence and made things worse. So instead of playing the waiting game around .50c and seeing what they produce it drove the price down like crazy. In reality it means next to nothing if you look at the big picture IMO.

I'm sure this post will cause some trouble and I'll probably get roasted too but I'm just as frustrated as everyone else and all the bickering and trash talking is not helping the situation much.

GLTA.
Gamblor.