Small Business and the TFSA
photo credit: we-make-money-not-art
With the new TFSA account becoming available to Canadians in the 2009 tax year, many business owners are interested to find out how this account may be beneficial for not only their own financial future, but also that of their business.
TFSAs Primary Benefits
There are several financial benefits of the new TFSA accounts that small business owners should take into consideration.
1. Tax free investment growth- The funds inside of the TFSA will grow on a tax deferred, tax free basis. Any account activity, capital gains or dividends will be treated on a tax free basis which is an attractive feature for active and passive investors. Read more of this >>
