FinancialCanada
TFSA (Tax-Free Savings Account)
A TFSA is a Canadian savings account where money grows tax-free. Name your spouse as successor holder to allow them to take over the TFSA without tax consequences. Naming your estate instead creates unnecessary complications.
In short
A TFSA is a Canadian tax-free savings account. Name your spouse as successor holder — naming your estate creates unnecessary tax complexity.
TheJourneyOf.Life connects all your financial accounts in one place and shows you your complete picture. Start for $9.99/month.