When a client makes a withdrawal from a Tax-Free Savings Account (TFSA), when is the resulting contribution room added back to their available limit?

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The Income Tax Act dictates that the dollar amount of any withdrawal is added back to the client's contribution room on January 1 of the following calendar year.

When a client makes a withdrawal from a Tax-Free Savings Account (TFSA), when is the resulting contribution room added back to their available limit?

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