Why TFSAs are a top choice in estate planning

Yahoo Finance Canada
May 23, 2023.

In an interview with Yahoo Finance Canada, Sylvia Azoulay, Vice-President of Tax and Estate Planning at Richardson Wealth talks about sheltering assets from estate taxes.

One of the most popular options is a tool many Canadians already own: the Tax-Free Savings Account (TFSA). “Even at your death, it won’t have tax. It’s a pure tax-free account” Azoulay says.

Life insurance also allows your investments to grow tax-free.

“You can use life insurance as an additional investment asset class,” Azoulay said.

Read more.

Related articles

2025

Understanding the psychology of investing matters more than ever

April 2, 2025 - Tim Conlin explores how understanding the psychology of investing can help investors resist emotional reactions and stay focused on long-term goals.

1 minute read

2025

Why market volatility is an opportunity to build trust and enhance long-term returns

March 31, 2025 - Craig Machel explains that with the right approach to portfolio construction, it’s possible to capitalize on market volatility while delivering solid…

1 minute read

2025

Navigating Uncertainty: U.S.-Canada Tariffs and Investing

March 24, 2025 - In an article for The Montrealer, Lynn MacNeil explains that during trade disputes, there are steps investors can take to navigate…

1 minute read