One of Those Annual TFSA Decision Days for Topped Up Contributors | Page 2 | Tax Free Savings Accounts | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
Page: 12Jump to page
sp_Feed Topic RSS sp_TopicIcon
One of Those Annual TFSA Decision Days for Topped Up Contributors
December 22, 2020
7:00 am
dougjp
Member
Members
Forum Posts: 597
Member Since:
January 9, 2011
sp_UserOfflineSmall Offline
Go to Top
21sp_Permalink sp_Print

An excellent idea to do this in advance, if your plan is to contribute early in the year. Avoids wasting time then, as it becomes an online only transfer, ie; no need to be on hold on the phone forever. It also ensures its set up right, including the successor holder designation if desired.

"Keep your stick on the ice. Remember, I'm pulling for you. We're all in this together." - Red Green

December 22, 2020
9:59 am
Alexandra
British Columbia
Member
Members
Forum Posts: 500
Member Since:
September 24, 2019
sp_UserOfflineSmall Offline
Go to Top
22sp_Permalink sp_Print

I opened a TFSA without funding with EQ the other day. Probably will put 2021 contributions in there.

When I think about it.....there was no beneficiary designation lines to fill out. Why would that be?

December 22, 2020
10:56 am
Bill
Member
Members
Forum Posts: 4024
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline
Go to Top
23sp_Permalink sp_Print

Their FAQ say "To designate a beneficiary, you’ll need to sign in to your EQ Bank account and download the beneficiary designation form."

December 22, 2020
12:50 pm
julio
Member
Members
Forum Posts: 146
Member Since:
November 21, 2015
sp_UserOfflineSmall Offline
Go to Top
24sp_Permalink sp_Print

Alexandra, for TFSA, do not fill out "Beneficiary" form but do fill out "Successor Holder" form, if the funds are going to "spouse". Has to do with CRA and taxes on the funds.

December 22, 2020
1:02 pm
Alexandra
British Columbia
Member
Members
Forum Posts: 500
Member Since:
September 24, 2019
sp_UserOfflineSmall Offline
Go to Top
25sp_Permalink sp_Print

Thanks Julio,

I designate my daughter and granddaughter as the beneficiaries to most of everything.

No permission to create posts
Page: 12Jump to page
sp_Feed All RSS
Go to top

Please write your comments in the forum.