When naming a beneficiary for each of your financial assets, the obvious choice may not always be the best choice. You should consider tax and estate planning implications, among other things. We have listed important items you should consider when naming beneficiaries for major financial assets: Tax-Free Savings Accounts With a Tax-Free Savings Account (TFSA), […]
When you are retired, you will have the choice of drawing from a number of different registered and non-registered accounts. You may choose to withdraw from your Registered Retirement Income Fund (RRIF), Tax-Free Savings Account (TFSA) or your non-registered accounts. Choosing which account to withdraw from first may seem like an easy decision, but there […]
*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.