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Can a tax-free savings account form part of an inheritance?

Yes. When the holder of a Tax-free Savings Account dies, the account will form part of that deceased person’s estate and estate duty will still be applicable.

Personal Finance explains very nicely how estate duty affects TFSA's in a blog post entitled Tax-free Savings accounts: What you should know 

Scroll down in the article to point 7. titled "One tax you will pay".

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