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TFSA designations may cause estate problems

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Hi Dr. Mawani, I would like to ask: I am a single person, with no dependents. I have named beneficiaries (institutions, that I have already informed about my intentions) for both my TFSA and RRSP.
Do I need a will to make sure that the TFSA and RRSP will go to the beneficiaries ?
What are the tax implications in these transitions ? Thank you, Constantine

Friday, Jan 22, 2016 at 1:46 pm Reply