The Importance Of Naming A Successor

Tax-free savings accounts (TFSAs) are a popular investment vehicle for many Canadians. TFSAs afford individuals with the ability to save for retirement on a tax-free basis while being able to withdraw funds at any time with no penalty. TFSAs can form a significant portion of an individual’s portfolio as an individual can contribute upwards of $41,000 into their TFSA. Deciding what to invest in a TFSA is an important consideration that receives much attention, while succession and...