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FCA Decision Limits CRA's Tax Claim on RRSP Beneficiaries
The Federal Court of Appeal ruled that a widow wasn't liable for her deceased husband's $146,000 tax debt because the RRSP was transferred to her via beneficiary designation, not through the estate; this highlights the importance of reviewing beneficiary designations on registered plans.
FCA Decision Limits CRA's Tax Claim on RRSP Beneficiaries
The Federal Court of Appeal ruled that a widow wasn't liable for her deceased husband's $146,000 tax debt because the RRSP was transferred to her via beneficiary designation, not through the estate; this highlights the importance of reviewing beneficiary designations on registered plans.
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