First, it bears mentioning that wills usually present discretion to the trustees to promote, name in or convert into money any a part of an property of their absolute...
Nevertheless, there may be one exemption to this rule—the exempt contribution. Say, you identify your partner or common-law accomplice as your TFSA account beneficiary. They are able to use...
Primarily, a beneficiary could also be on the hook for the tax payable if there’s not sufficient cash left within the property. This might apply if a RRSP or...