You may designate a successor holder for your TFSA or a beneficiary for your TFSA and/or RRSP accounts on Trade.
You may also designate contingent beneficiaries for each of these account types.
To designate any of the above, begin by downloading the correct blank form (each available on this article) and filling it out.
When filling out the form, please ensure the following:
1. Please ensure you are using the correct form (see first paragraph).
2. Please include your complete TFSA or RRSP account number. This will start with an "H" and end in "CAD". Instructions on how to locate your account number can be found here.
3. When filling out an address, please include the city, province, and postal code.
4. Please ensure you provide a wet signature on the document. This will require you to print, sign, and scan the document before uploading it for our team to process.*
Once you are ready to complete the process of adding a beneficiary or successor holder to your account(s), submit a request to our support team. Our support team will then provide you with a secure upload link to upload your completed beneficiary form. Once uploaded successfully, confirm with our support team and our back office will be notified to add the information to your account.
Please note that you cannot designate a beneficiary for a non-registered Personal account.
Also note that if you wish to designate a beneficiary for both your Trade TFSA and Trade RRSP, you'll be required to fill out one of each form available for download.
*We can accept electronic beneficiary designations for residents of Ontario but others may challenge it. To ensure that your beneficiary designation is accepted by all institutions and courts please provide us with an ink signature on the beneficiary form.