TFSA Contribution query

[liquidfinance]

I owed my wife some money and she had $7k contribution room available. I wrote a cheque to her and we then drew the money to Questrade via a PAD.

2 days later the funds were available in Questrade so stocks were purchased. TD refused the PAD as the cheque hadn't cleared. Now Questrade TFSA has a debit balance.

If we now pay questrade the $7k will this be classed as an overcontribution?

Will the $7k be seen to have been paid in withdrawn and paid in again?

Would she need to speak to the CRA or is it best to sell the holdings and contribute in January?

[Cal]

I would call TD and have them ensure that the transaction goes through so that it does not get classified as an over contribution.

[liquidfinance]

I would call TD and have them ensure that the transaction goes through so that it does not get classified as an over contribution.

Looks like it's been resolved.

Questrade assured that this will not be classed as an over contribution. All correspondence via email has been recorded should there be any trouble down the line. Fingers crossed.

Lesson learnt. Always fund questrade via bill payment rather than pre authorised deposit in the future.