Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Tuesday, February 22, 2011
Avoid RRSP tax with a proper beneficiary
Posted by
Lynne Butler, BA LLB
This article from the Globe and Mail does a particularly good job of explaining the error that many parents make when leaving their estates among their children. The mistake I'm referring to is forgetting or not understanding who is paying the tax on their RRSP or RRIF when they pass away. Click here to read the article.
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