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.

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