Do you have a TFSA?
Interestingly, a TFSA is a simple investment vehicle but the rules around what happens to it when you die are complex.
If you have a spouse, I’m guessing you have designated your spouse as the beneficiary.
Did you know that if you want the TFSA to remain as a TFSA and continue to grow tax free, and not just be cashed out, you also need to add a clause to your will?
This can make thousands of dollars difference to your surviving spouse’s tax situation over their remaining lifetime.
Seriously, be a hero, get a will done and get it done right.