Your American spouse may not want to inherit your TFSA
Leaving a TFSA to a U.S. spouse can trigger complex IRS reporting and costly tax issues. Here’s why some cross-border advisors prefer a cash payout instead.
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Leaving a TFSA to a U.S. spouse can trigger complex IRS reporting and costly tax issues. Here’s why some cross-border advisors prefer a cash payout instead.
Without heirs to support or inherit assets, decisions around spending, estate planning and long-term care have different expectations.