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Newspaper
Roblin Review
Location
Roblin, Manitoba, Canada
Date
Apr 01, 2008
Page
10
Brian Anderson, a MAFRI Business Development Specialist, outlines methods for transferring ownership to family members, co-owners, or employees while minimizing taxes and maintaining security. He emphasizes early planning, diverse training, communication, and formal structures like family constitutions and governance to avoid relationship tensions and sustain long term success.
MP Dauphin-Swan River MP Inky Mark promotes the Tax Free Savings Account as the first of its kind in Canada. The TFSA allows tax free growth of savings including interest, dividends, and capital gains with annual $5,000 limits starting 2009. Withdrawals are tax free and room can be carried forward. Spouse TFSA transfers allowed and assets can pass to a spouse on death.
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