Solution-Find the implications from a taxation perspective

Find the implications from a taxation perspective

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Reference no: EM133119219

These days it seems that almost every living adult above the legal age should take advantage of the Tax-Free Savings Account (TFSA). But exactly what would happen in the event of the account holder passing away? Generally, it depends how the account was set up and if a successor spouse or a beneficiary other than the spouse was named. What is the difference between the two, and what are the implications from a taxation perspective?

Reference no: EM133119219

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Find the implications from a taxation perspective

Reference no: EM133119219

Reference no: EM133119219

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