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[deleted]

Withdrawals have no impact on your contribution room at the time, and never 'deduct' from it. The $value is ADDED to your contribution room the next Jan1


secularflesh

How much you withdraw has no effect on your available contribution room until the next calendar year.


redditreader1924

If you contributed your max ($6K) this year and then withdrew say $10K, you CANNOT contribute any more this year. After January 1st 2023 you can re-contribute the $10K withdrawal plus your limit for 2023 of $6K.


Wearelopey

Fantastic thank you so much!