Naming Beneficiaries

Having a beneficiary matters because it helps your loved ones navigate tax implications of your estate, and gives you peace of mind that you're leaving all your assets as you intended to. 

What to name a beneficiary for:

It's a good idea to name a beneficiary for your TFSA, RRSP, and/or RRIFs. 

Key considerations

  • You can have more than one beneficiary
  • It's a good idea to consult a tax expert
  • There can be complexities with naming beneficiaries who aren't adults
  • If your beneficiary predeceases you, their children don't automatically take their place
  • Keep provincial and federal regulations in mind when you're planning your estate

Learn more about beneficiaries >