Canada Emergency Business Account (CEBA) Loan – Additional $20,000 for Small Businesses

In 2009 the Government of Canada introduced the “Tax-Free Savings Account (TFSA) as a flexible, registered, general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs”. The TFSA contribution is done with after-tax dollars, so unlike an RRSP contribution it is not tax deductible. However, no tax […]