Real Time Web Analytics


Tuesday, September 8, 2015

TFSA designations may cause estate problems

I've come across a really good article about Tax Free Savings Accounts (TFSAs) and what happens when the owner of a TFSA dies. It's by Amin Mawani and appeared on The article is a few months old but somehow I didn't see it before. Click here to read it. It gives a really good rundown on beneficiary designations and successor owners, and you'll probably find it eye-opening if you own a TFSA.

1 comment:

  1. My comment is not on TFSA, however is on a designated beneficiary on an RSP. My brother has recently passed away and I am the executor, the bank will not release his RSP funds to his wife, who is the designated beneficiary, they keep coming up with excuses such as there is a problem because it was a self directed fund. However my feelings are that they do not want to give her access to the funds, until the mortage insurance pays out.


You might also like

Related Posts with Thumbnails