Estate planning with TFSAs

When a TFSA account holder dies, the tax implications can vary based on the beneficiary named, the amount of income earned after death, how long it takes to distribute the amounts and even the type of TFSA. In all cases, the fair market value (FMV) at death can be distributed tax-free — but any increase to the FMV after death is taxable.                                                                                                                   Read more: https://www.advisor.ca/magazine-archives_/advisors-edge_/estate-planning-with-tfsas/  

Estate planning with TFSAs