Evan Turner, CFA, CFP | Source | Financial Advisor at Nicola Wealth

To get the most bang for your buck, it’s an advantage to hold Canadian-based investments in your TFSA. Better yet, high-yield, interest-bearing investments get some of the best tax advantages being held in a TFSA.

Estate planning comes more into focus in retirement as you contemplate how you want your estate to look. What will happen when your estate arises and how best to plan to make sure your goals are achieved but also impart the least amount of work/stress on the people that have to deal with the estate? What goals do you have for your estate? Are there loved ones or charities you would like to provide for after death? What is the taxable consequence of your estate based on their current situation and is there an ability to implement planning that would lead to a more favorable after-tax outcome? Is there a way to have less court involvement or more privacy in the estate to get assets to your desired beneficiaries (people/charities) faster or in a less public manner?