TFSA Beneficiary vs Successor Holder: What Canadians Need to Know to Maximize Tax Benefits
The Tax-Free Savings Account (TFSA) is a powerful tool for Canadians to grow their savings without tax. But when planning your estate, it’s critical to understand the difference between naming a TFSA beneficiary vs successor holder. The choice can significantly impact tax consequences, probate fees, and how smoothly your savings transfer to loved ones. Let’s…
