Written by Chris MacDonald at The Motley Fool Canada
For those looking to take advantage of the tax benefits the Tax Free Savings Account (TFSA) offers Canadian investors, this article is for you. Finding the right growth stocks to put into such a fund is important, because all future capital gains are tax free, for investors who put capital to work and watch it grow.
Unlike other retirement accounts, such as the Registered Retirement Savings Plan (RRSP), where gains are taxed at an individual’s corresponding tax rate in retirement, these tax free gains can be substantial for investments that have surged over a long period of time.
Accordingly, finding the right long-term growth stocks to put into such a portfolio is important. Here’s why I think these two stocks are worth considering in this context.
Constellation Software
Finding growth stocks with the potential to outperform over the long run isn’t easy….
