Types of beneficiaries

The types of beneficiaries for TFSA purposes are:

• a survivor who has been designated as a successor holder; and
• designated beneficiaries (for example, a survivor who has not been named as a successor holder), former spouses or common-law partners, children, and qualified donees.

Determining the type of beneficiary is an important initial step and can be affected by:

• designations which may have been made in the deceased holder's TFSA contract;
• the provisions of the deceased holder's will, if there is one; and
• provincial or territorial succession legislation.

Related links

• Successor holder

Date modified:

2016-11-24