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 If assets increased from $1,000 to $100,000 through stock investments in a TFSA (Tax-Free Savings Account), 

 In this regard, I will answer your questions regarding Canada's TFSA regulations and tax processing.

1. Can I withdraw money from a TFSA at any time?

Yes, one of the biggest advantages of a TFSA account is The fact that you can withdraw as much money as you want, at any time, tax-freeno see.
In other words, regardless of whether $1,000 increases to $100,000 or more, you can withdraw it whenever needed.
You can easily request a withdrawal through the Wealthsimple app or website.

The important point is when the withdrawn amount is added back to the Contribution Room.

• The contribution limit is not restored in the year of withdrawal. The withdrawn amount is January 1st of the following yearIt must be restored to the contribution limit.

• For example, if you withdraw $100,000 from your TFSA in 2025, this amount will be added to your new contribution limit for 2026 on January 1, 2026.

• If you want to deposit the $100,000 withdrawn during 2025 back into your TFSA, you must check if your currently available contribution limit is sufficient.
  If you deposit a withdrawn amount while your current contribution limit is insufficient, it constitutes 'over-contribution,' and you may be subject to penalties from the CRA.

2. How are taxes on investment profits handled?

As the name TFSA ("Tax-Free Savings Account") implies, what happens within a TFSA account No tax is levied on any investment returns.

• Investment profitThere is no tax on any form of income earned from stock investments within a TFSA account, including capital gains, dividends, and interest.

• tax filingEarnings generated within a TFSA account do not need to be reported as income when filing taxes. Therefore, there is no need to submit separate tax documents or pay taxes.

Exceptions ::

If you engage in frequent day trading that is considered 'business-like' rather than general stock investment, the CRA may tax it as business income rather than investment activity. However, this is an extremely rare case and does not apply to typical long-term or medium-term investments.

In summary, if your Wealthsimple TFSA account grows from $1,000 to $100,000, you are not required to pay taxes on the earnings and can withdraw them freely at any time. However, it is important to remember that the contribution limit is restored only in the following year when you deposit the withdrawn amount back.